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Migdal Insurance & Financial Holdings Ltd. Decreases Stake in Taboola.com Ltd. (NASDAQ:TBLA)

Taboola.com logo with Computer and Technology background

Migdal Insurance & Financial Holdings Ltd. trimmed its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,349,179 shares of the company's stock after selling 365,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 1.83% of Taboola.com worth $19,525,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company's stock worth $4,610,000 after purchasing an additional 327,518 shares during the period. GSA Capital Partners LLP raised its position in Taboola.com by 11.6% in the 3rd quarter. GSA Capital Partners LLP now owns 814,598 shares of the company's stock valued at $2,737,000 after purchasing an additional 84,382 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 during the period. ARK Investment Management LLC lifted its stake in Taboola.com by 9.2% in the third 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 last quarter. Finally, Intellectus Partners LLC lifted its position in shares of Taboola.com by 4.5% during the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company's stock worth $1,235,000 after purchasing an additional 16,000 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Price Performance

TBLA stock traded up $0.02 during trading hours on Monday, hitting $3.96. 276,918 shares of the stock traded hands, compared to its average volume of 608,343. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $3.79 and a 200 day simple moving average of $3.50. Taboola.com Ltd. has a one year low of $2.87 and a one year high of $4.96. The company has a market cap of $1.15 billion, a P/E ratio of -39.55 and a beta of 1.27.

Taboola.com (NASDAQ:TBLA - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The firm had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same quarter last year, the company earned ($0.02) earnings per share.

Analyst Ratings Changes

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

Get Our Latest Analysis on Taboola.com

Insiders Place Their Bets

In related news, Director Richard T. Scanlon sold 250,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the completion of the transaction, the director now directly owns 70,642 shares of the company's stock, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.40% of the company's stock.

Taboola.com Company Profile

(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.

Read More

Institutional Ownership by Quarter for Taboola.com (NASDAQ:TBLA)

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