TAL Education Group (NYSE:TAL) Shares Gap Down – Should You Sell?

Shares of TAL Education Group (NYSE:TAL) gapped down prior to trading on Thursday . The stock had previously closed at $14.46, but opened at $13.93. TAL Education Group shares last traded at $14.38, with a volume of 2,485,646 shares trading hands.

Wall Street Analyst Weigh In

TAL has been the subject of several recent analyst reports. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group lifted 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. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.53.

TAL Education Group Stock Performance

The company has a 50 day simple moving average of $10.67 and a 200 day simple moving average of $10.03. The company has a market capitalization of $8.93 billion, a PE ratio of 77.67 and a beta of 0.02.

Institutional Investors Weigh In On TAL Education Group

Several large investors have recently bought and sold shares of TAL. SBI Securities Co. Ltd. purchased a new stake in TAL Education Group during the 4th quarter worth approximately $40,000. Point72 DIFC Ltd purchased a new stake in TAL Education Group during the 3rd quarter worth approximately $48,000. iA Global Asset Management Inc. purchased a new stake in TAL Education Group during the 4th quarter worth approximately $79,000. Blue Trust Inc. boosted its holdings in shares of TAL Education Group by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after purchasing an additional 4,403 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of TAL Education Group by 15.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company’s stock worth $119,000 after purchasing an additional 1,556 shares during the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

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.