Shares of TAL Education Group (NYSE:TAL - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $9.78, but opened at $9.37. TAL Education Group shares last traded at $9.69, with a volume of 2,771,892 shares traded.
Analyst Upgrades and Downgrades
TAL has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of TAL Education Group from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. UBS Group lifted their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a report on Friday, January 24th.
Check Out Our Latest Stock Report on TAL Education Group
TAL Education Group Stock Performance
The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 53.06 and a beta of 0.03. The firm has a 50-day simple moving average of $13.02 and a two-hundred day simple moving average of $11.40.
Institutional Investors Weigh In On TAL Education Group
Hedge funds have recently added to or reduced their stakes in the business. Veritas Asset Management LLP purchased a new position in TAL Education Group in the fourth quarter valued at $432,000. RWC Asset Management LLP boosted its stake in shares of TAL Education Group by 3.0% in the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company's stock valued at $940,000 after buying an additional 2,726 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of TAL Education Group by 13.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 63,555 shares of the company's stock valued at $621,000 after buying an additional 7,749 shares during the period. FengHe Fund Management Pte. Ltd. grew its position in shares of TAL Education Group by 29.8% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 3,879,504 shares of the company's stock worth $38,873,000 after buying an additional 891,284 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of TAL Education Group by 28.1% during the fourth quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock worth $99,000 after buying an additional 2,158 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.
About TAL Education Group
(
Get Free Report)
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.
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