Fmr LLC Purchases 4,882,800 Shares of TAL Education Group (TAL)

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Fmr LLC raised its position in TAL Education Group (NYSE:TAL) by 123.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,831,042 shares of the company’s stock after acquiring an additional 4,882,800 shares during the quarter. Fmr LLC’s holdings in TAL Education Group were worth $324,982,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. raised its holdings in TAL Education Group by 92.4% during the first quarter. Baillie Gifford & Co. now owns 49,690,142 shares of the company’s stock worth $1,843,008,000 after purchasing an additional 23,867,404 shares in the last quarter. BlackRock Inc. raised its holdings in TAL Education Group by 15.8% during the first quarter. BlackRock Inc. now owns 14,721,891 shares of the company’s stock worth $546,035,000 after purchasing an additional 2,007,429 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in TAL Education Group by 22.0% during the first quarter. Thornburg Investment Management Inc. now owns 6,699,304 shares of the company’s stock worth $248,477,000 after purchasing an additional 1,209,490 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in TAL Education Group by 44.2% during the first quarter. Asset Management One Co. Ltd. now owns 3,795,377 shares of the company’s stock worth $140,770,000 after purchasing an additional 1,162,795 shares in the last quarter. Finally, TB Alternative Assets Ltd. raised its holdings in TAL Education Group by 68.9% during the second quarter. TB Alternative Assets Ltd. now owns 2,741,697 shares of the company’s stock worth $100,894,000 after purchasing an additional 1,117,980 shares in the last quarter. Institutional investors own 60.29% of the company’s stock.

A number of analysts have weighed in on the stock. ValuEngine cut shares of TAL Education Group from a “sell” rating to a “strong sell” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of TAL Education Group from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, May 29th. Zacks Investment Research raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, Morgan Stanley cut shares of TAL Education Group from an “overweight” rating to an “equal weight” rating in a report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. TAL Education Group presently has a consensus rating of “Hold” and a consensus price target of $45.26.

Shares of TAL Education Group stock opened at $26.89 on Friday. The firm has a market capitalization of $14.47 billion, a PE ratio of 79.09 and a beta of 0.09. TAL Education Group has a 12 month low of $25.60 and a 12 month high of $47.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, July 26th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $550.60 million for the quarter, compared to analysts’ expectations of $511.45 million. TAL Education Group had a net margin of 12.16% and a return on equity of 17.68%. The company’s quarterly revenue was up 71.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. equities research analysts expect that TAL Education Group will post 0.52 EPS for the current fiscal year.

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

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