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

TAL Education Group (NYSE:TAL) shares dropped 5.9% during mid-day trading on Friday . The stock traded as low as $12.90 and last traded at $13.14. Approximately 1,303,412 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 6,411,573 shares. The stock had previously closed at $13.97.

Wall Street Analysts Forecast Growth

TAL has been the subject of several recent research reports. UBS Group lifted their price objective 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. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th.

TAL Education Group Price Performance

The firm has a 50 day moving average of $12.71 and a two-hundred day moving average of $10.94. The stock has a market cap of $7.96 billion, a PE ratio of 69.29 and a beta of 0.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC increased its position in TAL Education Group by 11.5% during the fourth quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company’s stock worth $203,789,000 after buying an additional 2,100,242 shares during the period. Vanguard Group Inc. increased its position in TAL Education Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 16,848,812 shares of the company’s stock worth $168,825,000 after buying an additional 173,949 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TAL Education Group by 2,309.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after buying an additional 14,146,152 shares during the period. FMR LLC increased its position in TAL Education Group by 60.4% during the fourth quarter. FMR LLC now owns 11,588,534 shares of the company’s stock worth $116,117,000 after buying an additional 4,363,887 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in TAL Education Group by 108.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after buying an additional 4,581,100 shares during the period. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.