TAL Education Group (NYSE:TAL) Shares Gap Down – Here’s What Happened

TAL Education Group (NYSE:TAL) gapped down prior to trading on Thursday . The stock had previously closed at $14.41, but opened at $13.81. TAL Education Group shares last traded at $14.05, with a volume of 883,100 shares.

Wall Street Analysts Forecast Growth

TAL has been the topic of a number of research reports. UBS Group lifted their price objective on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note 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 stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 69.29 and a beta of 0.06. The firm has a fifty day moving average of $12.71 and a 200 day moving average of $10.92.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors have recently modified their holdings of TAL. SBI Securities Co. Ltd. purchased a new stake in shares of TAL Education Group in the 4th quarter valued at about $40,000. Point72 DIFC Ltd purchased a new stake in TAL Education Group in the 3rd quarter valued at approximately $48,000. iA Global Asset Management Inc. purchased a new position in shares of TAL Education Group during the 4th quarter worth $79,000. Blue Trust Inc. increased its holdings in shares of TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after buying an additional 2,158 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in TAL Education Group in the 3rd quarter valued at $128,000. 37.79% of the stock is owned by institutional investors and hedge funds.

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.