TAL Education Group (NYSE:TAL) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• TAL Education Group's stock price recently crossed above its 200-day moving average of $11.32, reaching a high of $11.49 before closing at $11.00.
• Multiple analysts have dropped their ratings for TAL, with Citigroup, Macquarie, and JPMorgan Chase all lowering their price targets significantly, now averaging around $12.66.
• Institutional investors hold approximately 37.79% of TAL's stock, with several large investors recently acquiring new stakes in the company.

TAL Education Group (NYSE:TAL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.32 and traded as high as $11.49. TAL Education Group shares last traded at $11.00, with a volume of 4,705,970 shares changing hands.

Wall Street Analyst Weigh In

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

TAL Education Group Trading Down 0.8%

The company has a fifty day simple moving average of $10.66 and a 200-day simple moving average of $11.29. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 63.91, a P/E/G ratio of 0.99 and a beta of 0.07.

Hedge Funds Weigh In On TAL Education Group

Large investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new position in shares of TAL Education Group in the 1st quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in shares of TAL Education Group in the 1st quarter valued at about $99,000. Dark Forest Capital Management LP acquired a new position in shares of TAL Education Group in the 4th quarter valued at about $114,000. Ethic Inc. acquired a new position in shares of TAL Education Group in the 4th quarter valued at about $142,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of TAL Education Group by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company's stock valued at $143,000 after purchasing an additional 2,268 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.