5 Best Education Stocks To Buy In 2024

2. TAL Education Group (NYSE:TAL)

Number of Hedge Fund Holders: 32

TAL Education Group (NYSE:TAL) is a Chinese company that specializes in providing K-12 after-school tutoring services. The company offers tutoring in various academic subjects such as mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. It is one of the best education stocks for 2024. On January 25, TAL Education Group (NYSE:TAL) reported its financial results for the third quarter of fiscal year 2024 ended November 30, 2023. The company’s revenue increased 60.5% year-over-year to $373.5 million, outperforming Wall Street estimates by $43.51 million. 

According to Insider Monkey’s fourth quarter database, 32 hedge funds were bullish on TAL Education Group (NYSE:TAL), compared to 25 funds in the prior quarter. Tiger Pacific Capital is the leading position holder in the company, with 9.8 million shares worth $124 million. 

Here is what Tao Value has to say about TAL Education Group (NYSE:TAL) in its Q4 2021 investor letter:

“Looking at the value destruction, TAL Education (TAL) is one of the most painful losses. Although the company is part of the “Mindful Compounder” bucket, it impaired by 95%. If anything, it is a heavy price paid for learning that stock returns are driven by more than business and market factors, but also societal factors. I personally think having 4 out of the 5 top value destructions being recently started position in Chinese stocks is a bit biased, as the market may have overreacted the most to anything China-related recently.”