BlackRock Inc. decreased its holdings in TAL Education Group (NYSE:TAL) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,280,250 shares of the company’s stock after selling 441,641 shares during the period. BlackRock Inc. owned 2.92% of TAL Education Group worth $525,513,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its holdings in shares of TAL Education Group by 92.4% in the 1st quarter. Baillie Gifford & Co. now owns 49,690,142 shares of the company’s stock valued at $1,843,008,000 after acquiring an additional 23,867,404 shares during the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of TAL Education Group by 22.0% in the 1st quarter. Thornburg Investment Management Inc. now owns 6,699,304 shares of the company’s stock valued at $248,477,000 after acquiring an additional 1,209,490 shares during the last quarter. Asset Management One Co. Ltd. raised its position in TAL Education Group by 44.2% in the 1st 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 during the period. TB Alternative Assets Ltd. raised its position in TAL Education Group by 68.9% in the 2nd 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 during the period. Finally, Yiheng Capital LLC raised its position in TAL Education Group by 7.8% in the 1st quarter. Yiheng Capital LLC now owns 2,520,304 shares of the company’s stock worth $93,478,000 after purchasing an additional 181,714 shares during the period. 60.29% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group stock opened at $27.07 on Friday. 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 has a 1-year low of $25.60 and a 1-year high of $47.63. The stock has a market capitalization of $13.51 billion, a P/E ratio of 78.85 and a beta of 0.09.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, July 26th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. TAL Education Group had a net margin of 12.16% and a return on equity of 17.68%. The company had revenue of $550.60 million for the quarter, compared to analyst estimates of $511.45 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 71.0% on a year-over-year basis. sell-side analysts expect that TAL Education Group will post 0.52 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of TAL Education Group from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Morgan Stanley lowered shares of TAL Education Group from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TAL Education Group from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.26.

TAL Education Group Company Profile

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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