Globeflex Capital L P Makes New $778,000 Investment in Taboola.com Ltd. (NASDAQ:TBLA)

Globeflex Capital L P purchased a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 213,167 shares of the company's stock, valued at approximately $778,000. Globeflex Capital L P owned about 0.07% of Taboola.com as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Taboola.com during the fourth quarter worth approximately $1,724,000. Empowered Funds LLC increased its holdings in Taboola.com by 410.5% during the 4th quarter. Empowered Funds LLC now owns 512,422 shares of the company's stock valued at $1,870,000 after purchasing an additional 412,042 shares in the last quarter. JPMorgan Chase & Co. raised its position in Taboola.com by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock valued at $2,443,000 after purchasing an additional 257,009 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Taboola.com by 698.2% in the third quarter. Jane Street Group LLC now owns 93,353 shares of the company's stock valued at $314,000 after buying an additional 81,658 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Taboola.com by 529.8% in the third quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company's stock valued at $291,000 after buying an additional 72,849 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CEO Adam Singolda acquired 60,229 shares of Taboola.com stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $2.72 per share, with a total value of $163,822.88. Following the purchase, the chief executive officer now directly 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Zvi Limon bought 168,506 shares of the stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $2.93 per share, with a total value of $493,722.58. Following the purchase, the director now directly owns 2,987,383 shares of the company's stock, valued at approximately $8,753,032.19. This represents a 5.98 % increase in their position. The disclosure for this purchase can be found here. 22.40% of the stock is owned by insiders.

Taboola.com Trading Up 0.3 %

TBLA traded up $0.01 during trading on Wednesday, reaching $2.94. 1,782,061 shares of the company's stock were exchanged, compared to its average volume of 1,113,991. The company's fifty day moving average price is $3.49 and its 200-day moving average price is $3.50. 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 firm has a market capitalization of $866.32 million, a PE ratio of -29.40 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.

Taboola.com declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 22.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on TBLA shares. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. B. Riley cut shares of Taboola.com from a "buy" rating to a "neutral" rating and decreased their price target for the company from $5.00 to $4.00 in a research note on Thursday, February 27th. JMP Securities dropped their price objective on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a research report on Monday, January 27th. Needham & Company LLC lowered their target price on Taboola.com from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Taboola.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.50.

Taboola.com Profile

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.