Geode Capital Management LLC Sells 9,519 Shares of TAL Education Group (NYSE:TAL)

Geode Capital Management LLC reduced its stake in shares of TAL Education Group (NYSE:TAL) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 668,726 shares of the company’s stock after selling 9,519 shares during the quarter. Geode Capital Management LLC’s holdings in TAL Education Group were worth $17,711,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in TAL Education Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 16,238,836 shares of the company’s stock valued at $433,253,000 after purchasing an additional 629,229 shares during the period. Hillhouse Capital Advisors Ltd. purchased a new stake in TAL Education Group in the fourth quarter valued at approximately $199,452,000. Mirae Asset Global Investments Co. Ltd. raised its position in TAL Education Group by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,873,923 shares of the company’s stock valued at $156,716,000 after purchasing an additional 198,794 shares during the period. Yiheng Capital LLC increased its position in shares of TAL Education Group by 35.9% during the fourth quarter. Yiheng Capital LLC now owns 4,455,884 shares of the company’s stock worth $118,883,000 after acquiring an additional 1,176,935 shares during the period. Finally, Norges Bank purchased a new stake in shares of TAL Education Group during the fourth quarter worth $90,314,000. Institutional investors and hedge funds own 60.14% of the company’s stock.

Shares of TAL stock opened at $36.42 on Thursday. The firm has a market cap of $20.40 billion, a P/E ratio of 59.70 and a beta of 0.28. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $46.26.



TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, April 25th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $726.60 million during the quarter, compared to the consensus estimate of $685.64 million. TAL Education Group had a net margin of 14.33% and a return on equity of 18.28%. The company’s revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Analysts expect that TAL Education Group will post 0.69 EPS for the current year.

A number of research firms have recently weighed in on TAL. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, April 30th. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, April 12th. Daiwa Capital Markets upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $37.00 to $33.00 in a research note on Friday, April 26th. Finally, ValuEngine downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.32.

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TAL Education Group Company Profile

TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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