TAL Education Group (NYSE:TAL) Stock Price Down 5.9% – Time to Sell?

TAL Education Group (NYSE:TAL)’s stock price dropped 5.9% during mid-day trading on Friday . The company traded as low as $12.90 and last traded at $13.14. Approximately 1,303,412 shares changed 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.

Analysts Set New Price Targets

TAL has been the subject of a number of recent analyst reports. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group raised their price objective on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday, January 24th.

TAL Education Group Trading Down 5.8 %

The business has a fifty day moving average of $12.71 and a 200 day moving average of $10.94. The company has a market capitalization of $7.96 billion, a PE ratio of 69.29 and a beta of 0.06.

Hedge Funds Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in TAL Education Group during the 3rd quarter valued at about $48,000. National Bank of Canada FI boosted its stake in shares of TAL Education Group by 46.7% in the 3rd quarter. National Bank of Canada FI now owns 3,736,300 shares of the company’s stock valued at $44,238,000 after buying an additional 1,189,400 shares during the period. Verition Fund Management LLC purchased a new position in shares of TAL Education Group in the 3rd quarter valued at about $940,000. Flow Traders U.S. LLC purchased a new position in shares of TAL Education Group in the 3rd quarter valued at about $217,000. Finally, FMR LLC boosted its stake in shares of TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after buying an additional 7,215,862 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.