Insider Selling: TAL Education Group (NYSE:TAL) Insider Sells $368,400.00 in Stock

TAL Education Group (NYSE:TAL) insider Alex Zhuangzhuang Peng sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total value of $368,400.00. Following the completion of the sale, the insider owned 15,144 shares of the company’s stock, valued at approximately $185,968.32. This represents a 66.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TAL Education Group Trading Up 3.1%

Shares of TAL opened at $12.46 on Friday. The firm has a market cap of $6.91 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.03 and a beta of 0.13. The company’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $10.78. TAL Education Group has a 12-month low of $8.88 and a 12-month high of $13.37.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.29 by $0.46. The firm had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. As a group, equities research analysts forecast that TAL Education Group will post 0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $213,329,000. Norges Bank acquired a new stake in shares of TAL Education Group during the fourth quarter valued at $49,158,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TAL Education Group by 3,989.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,574,002 shares of the company’s stock worth $51,229,000 after purchasing an additional 4,462,149 shares during the last quarter. National Bank of Canada FI boosted its position in TAL Education Group by 147.4% during the third quarter. National Bank of Canada FI now owns 3,559,800 shares of the company’s stock worth $39,870,000 after acquiring an additional 2,120,800 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in 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 acquiring an additional 1,759,945 shares during the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TAL shares. Zacks Research downgraded shares of TAL Education Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. New Street Research set a $13.60 price objective on TAL Education Group in a research report on Friday, July 31st. Wall Street Zen downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group started coverage on TAL Education Group in a report on Friday, July 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.80.

TAL Education Group Company Profile

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.