Charles Schwab Investment Management Inc. trimmed its holdings in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 49.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,484 shares of the company's stock after selling 233,101 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.08% of Taboola.com worth $867,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in TBLA. Quantbot Technologies LP acquired a new position in Taboola.com in the third quarter valued at $116,000. Verition Fund Management LLC purchased a new stake in shares of Taboola.com in the 3rd quarter valued at about $126,000. Point72 Asset Management L.P. boosted its position in shares of Taboola.com by 529.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company's stock valued at $291,000 after purchasing an additional 72,849 shares during the period. State Street Corp boosted its position in shares of Taboola.com by 5.5% in the 3rd quarter. State Street Corp now owns 305,350 shares of the company's stock valued at $1,026,000 after purchasing an additional 16,055 shares during the period. Finally, Jane Street Group LLC grew its stake in Taboola.com by 698.2% during the 3rd quarter. Jane Street Group LLC now owns 93,353 shares of the company's stock worth $314,000 after buying an additional 81,658 shares during the last quarter. 42.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on TBLA shares. Benchmark reissued a "buy" rating and issued a $4.50 price objective on shares of Taboola.com in a report on Thursday, March 27th. Oppenheimer reiterated a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. B. Riley downgraded shares of Taboola.com from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $5.00 to $4.00 in a research report on Thursday, February 27th. JMP Securities reduced their target price on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a report on Monday, January 27th. Finally, Needham & Company LLC reissued a "buy" rating and set a $4.00 price target on shares of Taboola.com in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Taboola.com presently has an average rating of "Moderate Buy" and an average target price of $4.38.
Check Out Our Latest Research Report on Taboola.com
Taboola.com Price Performance
TBLA stock traded down $0.22 during midday trading on Thursday, hitting $2.85. 1,973,013 shares of the stock were exchanged, compared to its average volume of 1,161,442. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $839.80 million, a price-to-earnings ratio of -28.50 and a beta of 1.33. Taboola.com Ltd. has a fifty-two week low of $2.69 and a fifty-two week high of $4.60. The stock's 50-day moving average price is $3.34 and its 200-day moving average price is $3.48.
Taboola.com announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 22.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
Insider Transactions at Taboola.com
In other news, Director Zvi Limon bought 168,506 shares of Taboola.com stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $2.93 per share, for a total transaction of $493,722.58. Following the acquisition, the director now owns 2,987,383 shares in the company, valued at approximately $8,753,032.19. This trade represents a 5.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Singolda bought 60,229 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the transaction, the chief executive officer now owns 14,462,943 shares of the company's stock, valued at $39,339,204.96. The trade was a 0.42 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 22.40% of the company's stock.
About Taboola.com
(
Free Report)
Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.
Further Reading
Before you consider Taboola.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taboola.com wasn't on the list.
While Taboola.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
