TAL Education Group (NYSE:TAL) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• TAL Education Group's stock price recently crossed above its 200-day moving average, indicating potential upward momentum, with a last traded price of $11.14.
• Citigroup downgraded the stock from a "buy" to a "neutral" rating, lowering the price target from $13.40 to $11.54, while the stock maintains an average consensus price target of $12.66.
• Institutional investors own 37.79% of TAL Education Group, with several large investors increasing their stakes recently.

TAL Education Group (NYSE:TAL - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.89 and traded as high as $11.27. TAL Education Group shares last traded at $11.14, with a volume of 3,832,112 shares.

Wall Street Analyst Weigh In

Separately, Citigroup cut TAL Education Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $13.40 to $11.54 in a research note on Friday, June 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.66.

TAL Education Group Stock Performance

The stock has a 50 day moving average of $10.79 and a two-hundred day moving average of $10.83. The firm has a market capitalization of $6.71 billion, a P/E ratio of 64.79, a P/E/G ratio of 1.01 and a beta of 0.10.

Hedge Funds Weigh In On TAL Education Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. increased its holdings in shares of TAL Education Group by 102.8% in the second quarter. Nomura Holdings Inc. now owns 215,568 shares of the company's stock worth $2,203,000 after acquiring an additional 109,258 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in TAL Education Group by 1.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 157,482 shares of the company's stock worth $1,609,000 after purchasing an additional 1,600 shares during the last quarter. Tiger Pacific Capital LP increased its stake in shares of TAL Education Group by 6.2% in the 2nd quarter. Tiger Pacific Capital LP now owns 9,233,398 shares of the company's stock valued at $94,365,000 after purchasing an additional 541,919 shares during the last quarter. Shay Capital LLC grew its position in TAL Education Group by 17.7% during the 2nd quarter. Shay Capital LLC now owns 500,000 shares of the company's stock worth $5,110,000 after acquiring an additional 75,091 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of TAL Education Group by 14.3% in the 2nd quarter. Bank of America Corp DE now owns 14,060,760 shares of the company's stock valued at $143,701,000 after purchasing an additional 1,759,945 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.