TAL Education Group (NYSE:TAL) Shares Pass Above 200 Day Moving Average - Should You Sell?

Shares of TAL Education Group (NYSE:TAL - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.25 and traded as high as $13.74. TAL Education Group shares last traded at $13.72, with a volume of 4,128,020 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on TAL. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a report on Friday, January 24th. UBS Group upped their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a research note on Friday, January 24th.

TAL Education Group Stock Down 11.1 %

The business has a 50-day simple moving average of $13.35 and a two-hundred day simple moving average of $11.37. The stock has a market capitalization of $6.60 billion, a P/E ratio of 57.45 and a beta of 0.03.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in TAL Education Group by 5.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company's stock valued at $167,000 after buying an additional 838 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of TAL Education Group by 8.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,596 shares of the company's stock worth $166,000 after acquiring an additional 1,256 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of TAL Education Group by 15.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company's stock worth $119,000 after acquiring an additional 1,556 shares in the last quarter. Blue Trust Inc. grew its position in TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock worth $99,000 after acquiring an additional 2,158 shares during the last quarter. Finally, RWC Asset Management LLP increased its holdings in TAL Education Group by 3.0% during the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company's stock valued at $940,000 after purchasing an additional 2,726 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company's stock.

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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.