TAL Education Group (NYSE:TAL) Trading Up 3.1% – Should You Buy?

TAL Education Group (NYSE:TAL) shares traded up 3.1% on Wednesday . The company traded as high as $13.51 and last traded at $13.43. Approximately 3,982,338 shares traded hands during trading, a decline of 38% from the average session volume of 6,402,895 shares. The stock had previously closed at $13.03.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group increased their price objective 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. StockNews.com upgraded 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 company has a market capitalization of $8.07 billion, a PE ratio of 70.24 and a beta of 0.06. The business’s 50 day simple moving average is $13.01 and its 200 day simple moving average is $11.07.

Institutional Trading of TAL Education Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 valued at $174,743,000 after acquiring an additional 14,146,152 shares during the last quarter. Norges Bank acquired a new stake in TAL Education Group in the 4th quarter valued at approximately $72,628,000. FMR LLC raised its position in TAL Education Group by 82,138.4% in the third quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after purchasing an additional 7,215,862 shares during the period. Public Employees Retirement System of Ohio acquired a new position in TAL Education Group during the third quarter worth $25,545,000. Finally, Krane Funds Advisors LLC boosted its position in shares of TAL Education Group by 11.5% during the fourth quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company’s stock worth $203,789,000 after buying an additional 2,100,242 shares during the period. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

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.