TAL Education Group (NYSE:TAL) Trading Down 5.9% – Here’s What Happened

TAL Education Group (NYSE:TAL) was down 5.9% during 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.

Analysts Set New Price Targets

Several equities research analysts have commented on TAL shares. UBS Group boosted their target price 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 raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

TAL Education Group Stock Performance

The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 69.50 and a beta of 0.06. The company has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $10.88.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of TAL Education Group during the 4th quarter worth approximately $40,000. Point72 DIFC Ltd acquired a new position in TAL Education Group in the 3rd quarter valued at $48,000. iA Global Asset Management Inc. acquired a new position in TAL Education Group in the 4th quarter valued at $79,000. Blue Trust Inc. grew its holdings in TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after buying an additional 2,158 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in TAL Education Group in the 4th quarter valued at $114,000. 37.79% of the stock is owned by institutional investors and hedge funds.

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.