TAL Education Group (NYSE:TAL) Stock Price Down 5.9% - Here's What Happened

Shares of TAL Education Group (NYSE:TAL - Get Free Report) were down 5.9% during mid-day trading on Friday . The stock traded as low as $12.90 and last traded at $13.14. Approximately 1,303,412 shares traded hands during trading, a decline of 80% from the average daily volume of 6,411,573 shares. The stock had previously closed at $13.97.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TAL. UBS Group boosted their target price on TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a research report on Friday, January 24th.

TAL Education Group Price Performance

The firm's 50 day moving average price is $12.85 and its two-hundred day moving average price is $11.03. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 68.42 and a beta of 0.06.

Hedge Funds Weigh In On TAL Education Group

A number of large investors have recently bought and sold shares of TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TAL Education Group by 2,309.3% in 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 valued at $174,743,000 after acquiring an additional 14,146,152 shares in the last quarter. Norges Bank purchased a new stake in TAL Education Group in the 4th quarter valued at approximately $72,628,000. FMR LLC increased its position in TAL Education Group by 82,138.4% during 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 during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in 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 purchasing an additional 4,581,100 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of TAL Education Group during the 3rd quarter worth approximately $25,545,000. Hedge funds and other institutional investors own 37.79% of the company's stock.

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TAL Education Group Company Profile

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.