D.A. Davidson & CO. cut its stake in shares of TAL Education Group (NYSE:TAL) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,857 shares of the company’s stock after selling 2,133 shares during the period. D.A. Davidson & CO.’s holdings in TAL Education Group were worth $316,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TAL. Morgan Stanley lifted its stake in TAL Education Group by 29.5% during the 3rd quarter. Morgan Stanley now owns 42,394,504 shares of the company’s stock valued at $1,089,963,000 after acquiring an additional 9,662,071 shares in the last quarter. FMR LLC lifted its stake in TAL Education Group by 123.7% during the 2nd quarter. FMR LLC now owns 8,831,042 shares of the company’s stock valued at $324,982,000 after acquiring an additional 4,882,800 shares in the last quarter. Franklin Resources Inc. lifted its stake in TAL Education Group by 52.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,102,841 shares of the company’s stock valued at $156,903,000 after acquiring an additional 2,095,054 shares in the last quarter. Renaissance Technologies LLC bought a new position in TAL Education Group during the 3rd quarter valued at $46,618,000. Finally, BlackRock Inc. lifted its stake in TAL Education Group by 9.3% during the 3rd quarter. BlackRock Inc. now owns 15,609,607 shares of the company’s stock valued at $401,325,000 after acquiring an additional 1,329,357 shares in the last quarter. Institutional investors and hedge funds own 54.74% of the company’s stock.
Several equities analysts have weighed in on the company. ValuEngine upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, January 29th. Macquarie set a $32.00 target price on TAL Education Group and gave the stock a “buy” rating in a research note on Tuesday, January 15th. TheStreet upgraded TAL Education Group from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. Finally, Citigroup upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.20.
TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, January 24th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.16. The company had revenue of $585.99 million for the quarter, compared to analysts’ expectations of $573.90 million. TAL Education Group had a return on equity of 18.88% and a net margin of 14.40%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. On average, research analysts predict that TAL Education Group will post 0.55 earnings per share for the current fiscal year.
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About TAL Education Group
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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