TAL Education Group (NYSE:TAL) Shares Gap Down – What’s Next?

TAL Education Group (NYSE:TAL) gapped down prior to trading on Monday . The stock had previously closed at $14.45, but opened at $13.90. TAL Education Group shares last traded at $13.36, with a volume of 2,253,305 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th.

TAL Education Group Trading Down 7.1 %

The firm’s 50-day simple moving average is $11.26 and its 200 day simple moving average is $10.28. The stock has a market cap of $8.12 billion, a P/E ratio of 70.50 and a beta of 0.02.

Hedge Funds Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently bought and sold shares of TAL. Krane Funds Advisors LLC raised its position in shares of TAL Education Group by 11.5% during the 4th quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company’s stock worth $203,789,000 after buying an additional 2,100,242 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TAL Education Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 16,848,812 shares of the company’s stock worth $168,825,000 after buying an additional 173,949 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 valued at $174,743,000 after purchasing an additional 14,146,152 shares in the last quarter. FMR LLC grew its position in TAL Education Group by 60.4% in the fourth quarter. FMR LLC now owns 11,588,534 shares of the company’s stock worth $116,117,000 after buying an additional 4,363,887 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of 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 in the last quarter. Institutional investors own 37.79% of the company’s stock.

About TAL Education Group

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.