Today we are going to take a look at the list of the best education stocks to buy now published by Insider Monkey. Education is one of the most important things in life. If you study you can achieve your dreams and you have the necessary tools to avoid being tread down, and you will understand what happens in the world. In other words, education is the light in the darkness. We can see African girls and women have a terrible life without education. They are enforced to get married at an early age, and without education and possibilities of getting jobs, they live in defenselessness. When the number of educated workers increases in a country, the economy can grow and become more productive, as workers can do tasks that need compound thinking. Therefore people tend to spend large amounts on education. Consequently, it’s among the most lucrative sectors in the world.
So what are the best education stocks to buy? We have sorted out two companies from Insider Monkey’s compilation as usual. At first, on the fifth spot here’s New Oriental Education and Technology Group, Inc. (NYSE:EDU) with 40 hedge funds and a total revenue of hedge fund holdings of $1.7 Billion. New Oriental was launched in 1993 and is headquartered in Haidian district of Beijing. It offers private education in China. EDU reported around $3.6 billion of revenue for the fiscal year of 2020. Jim Simons’ Renaissance Technologies is the top hedge fund holder having more than $340 million, that was invested in the stock at the end of the third quarter. Chegg, Inc. (NYSE:CHGG) stands on the third spot with 42 hedge fund and a total value of hedge fund holdings of $838 Million. Chegg was established in 2005, located in Santa Clara, California. The company operates in online tutoring, textbook rentals and other student services. At the end of September, the company reported total net revenue of $154.0 million, an increase of 64% year-over-year. For more detailed information, please skip ahead and jump to the list of the best education stocks to by now.