TAL Education Group (NYSE:TAL) Shares Gap Up – Should You Buy?

Shares of TAL Education Group (NYSE:TAL) gapped up prior to trading on Monday . The stock had previously closed at $13.18, but opened at $13.73. TAL Education Group shares last traded at $13.83, with a volume of 3,085,723 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on TAL. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group increased their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.53.

TAL Education Group Stock Up 2.7 %

The business has a fifty day moving average of $10.52 and a 200 day moving average of $9.97. The firm has a market cap of $8.46 billion, a P/E ratio of 73.61 and a beta of 0.02.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. increased its position in TAL Education Group by 38.5% during the third quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after acquiring an additional 9,218 shares during the period. Blue Trust Inc. grew its position 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 in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of TAL Education Group by 17.3% during the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock worth $182,000 after purchasing an additional 2,267 shares during the period. abrdn plc raised its position in shares of TAL Education Group by 13.1% in the third quarter. abrdn plc now owns 216,604 shares of the company’s stock valued at $2,513,000 after buying an additional 25,077 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new stake in shares of TAL Education Group in the third quarter valued at approximately $19,413,000. Institutional investors and hedge funds 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.