TAL Education Group (NYSE:TAL) Shares Gap Down – Should You Sell?

TAL Education Group (NYSE:TAL)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.46, but opened at $13.93. TAL Education Group shares last traded at $14.38, with a volume of 2,485,646 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on TAL shares. UBS Group raised their price objective on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.53.

TAL Education Group Trading Up 2.1 %

The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 77.67 and a beta of 0.02. The stock has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $10.03.

Institutional Trading of TAL Education Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TAL Education Group by 2,309.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after acquiring an additional 14,146,152 shares during the period. Norges Bank acquired a new stake in TAL Education Group during the 4th quarter worth about $72,628,000. FMR LLC lifted its position in TAL Education Group by 82,138.4% during the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after acquiring an additional 7,215,862 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in TAL Education Group by 108.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after acquiring an additional 4,581,100 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in TAL Education Group during the 3rd quarter worth about $25,545,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.