Investors Buy High Volume of TAL Education Group Call Options (NYSE:TAL)

TAL Education Group (NYSE:TAL) was the recipient of some unusual options trading on Wednesday. Investors purchased 21,617 call options on the company. This is an increase of 333% compared to the typical daily volume of 4,989 call options.

Institutional Trading of TAL Education Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of TAL Education Group in the 4th quarter worth approximately $72,628,000. FMR LLC grew its stake in TAL Education Group by 60.4% in the fourth quarter. FMR LLC now owns 11,588,534 shares of the company’s stock valued at $116,117,000 after purchasing an additional 4,363,887 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in TAL Education Group by 11.5% in the fourth quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company’s stock worth $203,789,000 after purchasing an additional 2,100,242 shares in the last quarter. Pinpoint Asset Management Ltd boosted its holdings in shares of TAL Education Group by 2,020.8% in the 4th quarter. Pinpoint Asset Management Ltd now owns 2,106,573 shares of the company’s stock valued at $21,108,000 after buying an additional 2,007,244 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in TAL Education Group by 29.0% during the 4th quarter. Bank of America Corp DE now owns 8,065,326 shares of the company’s stock worth $80,815,000 after buying an additional 1,812,204 shares during the last quarter. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Up 2.1 %

TAL stock opened at $10.98 on Thursday. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 57.77 and a beta of 0.03. TAL Education Group has a twelve month low of $7.35 and a twelve month high of $15.30. The business’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $11.32.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group upped their price objective on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on shares of TAL Education Group from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.65.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.