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

TAL Education Group (NYSE:TAL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.80, but opened at $13.70. TAL Education Group shares last traded at $13.47, with a volume of 1,429,154 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of 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 cap of $8.07 billion, a PE ratio of 70.24 and a beta of 0.06. The company’s 50 day simple moving average is $12.26 and its two-hundred day simple moving average is $10.73.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in TAL Education Group during the fourth quarter worth about $40,000. Point72 DIFC Ltd purchased a new position in TAL Education Group during the third quarter worth about $48,000. iA Global Asset Management Inc. purchased a new position in TAL Education Group during the fourth quarter worth about $79,000. Blue Trust Inc. boosted its stake in shares of TAL Education Group by 28.1% in the fourth quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after purchasing an additional 2,158 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of TAL Education Group in the fourth quarter valued at approximately $114,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.

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.