TAL Education Group (NYSE:TAL) Shares Gap Up - What's Next?

Key Points

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Shares of TAL Education Group (NYSE:TAL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $10.09, but opened at $11.40. TAL Education Group shares last traded at $10.97, with a volume of 6,160,823 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TAL shares. Macquarie lowered TAL Education Group from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $14.50 to $10.90 in a report on Thursday, April 24th. Citigroup downgraded TAL Education Group from a "buy" rating to a "neutral" rating and decreased their price target for the company from $13.40 to $11.54 in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. downgraded TAL Education Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $16.00 to $11.00 in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.66.

TAL Education Group Stock Down 2.8%

The stock has a 50-day simple moving average of $10.45 and a 200-day simple moving average of $11.29. The firm has a market capitalization of $6.47 billion, a PE ratio of 62.53 and a beta of 0.07.

Institutional Trading of TAL Education Group

A number of large investors have recently bought and sold shares of TAL. Y Intercept Hong Kong Ltd grew its position in shares of TAL Education Group by 17.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 17,646 shares of the company's stock valued at $180,000 after purchasing an additional 2,607 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of TAL Education Group in the second quarter valued at $224,000. Vanguard Personalized Indexing Management LLC grew its position in shares of TAL Education Group by 13.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,392 shares of the company's stock valued at $219,000 after purchasing an additional 2,545 shares in the last quarter. Aberdeen Group plc grew its position in shares of TAL Education Group by 16.2% in the second quarter. Aberdeen Group plc now owns 310,519 shares of the company's stock valued at $3,174,000 after purchasing an additional 43,214 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of TAL Education Group by 217.7% in the second quarter. Vontobel Holding Ltd. now owns 36,786 shares of the company's stock valued at $376,000 after purchasing an additional 25,208 shares in the last quarter. 37.79% of the stock is 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.