Empowered Funds LLC Buys 412,042 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Empowered Funds LLC increased its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 410.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 512,422 shares of the company's stock after acquiring an additional 412,042 shares during the quarter. Empowered Funds LLC owned about 0.18% of Taboola.com worth $1,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in shares of Taboola.com by 11.6% during the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company's stock worth $2,737,000 after purchasing an additional 84,382 shares during the period. JPMorgan Chase & Co. grew its position in Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock worth $2,443,000 after buying an additional 257,009 shares in the last quarter. ARK Investment Management LLC increased its stake in Taboola.com by 9.2% during the 3rd quarter. ARK Investment Management LLC now owns 594,590 shares of the company's stock worth $1,998,000 after acquiring an additional 50,256 shares during the period. Intellectus Partners LLC raised its stake in Taboola.com by 4.5% in the third quarter. Intellectus Partners LLC now owns 367,668 shares of the company's stock valued at $1,235,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Taboola.com by 10.3% in the 3rd quarter. Algert Global LLC now owns 327,151 shares of the company's stock valued at $1,099,000 after buying an additional 30,597 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Stock Performance

Shares of NASDAQ TBLA traded down $0.07 during midday trading on Wednesday, reaching $3.84. The company's stock had a trading volume of 612,154 shares, compared to its average volume of 641,449. The stock has a market capitalization of $1.12 billion, a P/E ratio of -38.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day moving average price of $3.79 and a 200-day moving average price of $3.53. Taboola.com Ltd. has a 12-month low of $2.87 and a 12-month high of $4.96.

Analysts Set New Price Targets

A number of research firms have recently commented on TBLA. Needham & Company LLC reissued a "buy" rating and issued a $5.00 target price on shares of Taboola.com in a report on Friday, January 17th. JMP Securities cut their target price on Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a report on Monday, January 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com presently has a consensus rating of "Buy" and an average price target of $5.25.

About Taboola.com

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.