TAL Education Group (NYSE:TAL) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

TAL Education Group (NYSE:TAL - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.46 and traded as high as $12.97. TAL Education Group shares last traded at $12.42, with a volume of 5,193,365 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TAL. 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. StockNews.com upgraded TAL Education Group from a "sell" rating to a "hold" rating in a report on Friday, January 24th.

TAL Education Group Stock Up 0.1 %

The business has a fifty day moving average price of $11.87 and a 200 day moving average price of $10.53. The company has a market capitalization of $8.14 billion, a P/E ratio of 70.82 and a beta of 0.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TAL Education Group by 2,309.3% during the third 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 buying an additional 14,146,152 shares during the last quarter. Norges Bank bought a new position in TAL Education Group during the fourth quarter worth about $72,628,000. FMR LLC raised its stake in TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company's stock worth $85,540,000 after purchasing an additional 7,215,862 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in TAL Education Group by 108.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company's stock valued at $104,084,000 after purchasing an additional 4,581,100 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of TAL Education Group in the third quarter valued at approximately $25,545,000. Institutional investors and hedge funds own 37.79% of the company's stock.

Remove Ads

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.