TAL Education Group (NYSE:TAL) Shares Gap Up – Time to Buy?

Shares of TAL Education Group (NYSE:TAL) gapped up prior to trading on Thursday . The stock had previously closed at $9.65, but opened at $9.90. TAL Education Group shares last traded at $10.25, with a volume of 2,371,921 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th.

TAL Education Group Stock Down 4.0 %

The company has a market cap of $5.78 billion, a price-to-earnings ratio of 50.32 and a beta of 0.03. The business has a fifty day simple moving average of $13.02 and a 200 day simple moving average of $11.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Veritas Asset Management LLP acquired a new stake in TAL Education Group in the fourth quarter valued at $432,000. RWC Asset Management LLP boosted its position 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 worth $940,000 after buying an additional 2,726 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in 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 acquiring an additional 7,749 shares during the last quarter. FengHe Fund Management Pte. Ltd. increased its holdings in TAL Education Group by 29.8% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 3,879,504 shares of the company’s stock valued at $38,873,000 after acquiring an additional 891,284 shares in the last quarter. Finally, Blue Trust Inc. raised its position in 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 acquiring an additional 2,158 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.