Marshall Wace LLP Raises Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Marshall Wace LLP raised its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,998 shares of the company's stock after acquiring an additional 248,412 shares during the period. Marshall Wace LLP owned about 0.42% of Taboola.com worth $4,468,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Taboola.com by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock worth $70,102,000 after purchasing an additional 1,109,602 shares during the last quarter. Phoenix Financial Ltd. increased its position in shares of Taboola.com by 1.4% during the fourth quarter. Phoenix Financial Ltd. now owns 7,397,680 shares of the company's stock valued at $27,002,000 after acquiring an additional 98,800 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Taboola.com by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company's stock worth $5,644,000 after acquiring an additional 443,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Taboola.com by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company's stock worth $5,404,000 after purchasing an additional 63,324 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Taboola.com by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock worth $2,443,000 after purchasing an additional 257,009 shares during the last quarter. Institutional investors own 42.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TBLA shares. Needham & Company LLC reissued a "buy" rating and issued a $4.00 price target on shares of Taboola.com in a report on Thursday, March 27th. B. Riley cut shares of Taboola.com from a "buy" rating to a "neutral" rating and dropped their target price for the company from $5.00 to $4.00 in a research note on Thursday, February 27th. JMP Securities decreased their price target on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a research note on Monday, January 27th. Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Finally, Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.38.

Taboola.com Stock Performance

TBLA traded up $0.01 on Tuesday, hitting $3.02. The company's stock had a trading volume of 950,310 shares, compared to its average volume of 1,805,007. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.60. The firm has a market cap of $888.88 million, a P/E ratio of -30.15 and a beta of 1.21. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $2.93 and its 200-day simple moving average is $3.41.

Taboola.com declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 22.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Taboola.com

In other news, Director Zvi Limon purchased 168,506 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the acquisition, the director now owns 2,987,383 shares in the company, valued at $8,753,032.19. This represents a 5.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Singolda acquired 60,229 shares of the business's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the transaction, the chief executive officer now directly owns 14,462,943 shares of the company's stock, valued at $39,339,204.96. This trade represents 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.

Taboola.com Company 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.