TAL Education Group (NYSE:TAL) Share Price Passes Above 200-Day Moving Average - What's Next?

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.86 and traded as high as $12.63. TAL Education Group shares last traded at $12.22, with a volume of 5,403,209 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TAL shares. UBS Group boosted their price target on TAL Education Group from $16.40 to $17.20 and gave the company 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. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.53.

TAL Education Group Stock Performance

The stock has a market cap of $7.54 billion, a P/E ratio of 65.58 and a beta of 0.02. The company's fifty day moving average price is $10.26 and its 200-day moving average price is $9.89.

Hedge Funds Weigh In On TAL Education Group

Hedge funds have recently bought and sold shares of the business. DRW Securities LLC bought a new position in shares of TAL Education Group in the third quarter worth about $128,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in TAL Education Group by 108.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company's stock worth $104,084,000 after purchasing an additional 4,581,100 shares in the last quarter. Monolith Management Ltd increased its holdings in TAL Education Group by 82.3% during the 3rd quarter. Monolith Management Ltd now owns 1,650,000 shares of the company's stock worth $19,536,000 after purchasing an additional 745,033 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in TAL Education Group by 3.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,889,024 shares of the company's stock valued at $22,366,000 after purchasing an additional 62,787 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of TAL Education Group in the 3rd quarter worth $651,000. 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.