Taboola.com Ltd. $TBLA Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 35.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 257,259 shares of the company’s stock after selling 142,741 shares during the quarter. Tredje AP fonden owned approximately 0.08% of Taboola.com worth $942,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its stake in Taboola.com by 63.6% in the 1st quarter. GSA Capital Partners LLP now owns 997,057 shares of the company’s stock valued at $2,941,000 after purchasing an additional 387,777 shares during the last quarter. AQR Capital Management LLC raised its stake in Taboola.com by 60.6% in the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after purchasing an additional 376,684 shares during the last quarter. Acadian Asset Management LLC raised its stake in Taboola.com by 13.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company’s stock valued at $8,476,000 after purchasing an additional 332,660 shares during the last quarter. Credit Agricole S A acquired a new position in Taboola.com in the 1st quarter valued at about $944,000. Finally, Cubist Systematic Strategies LLC raised its stake in Taboola.com by 59.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 573,067 shares of the company’s stock valued at $1,691,000 after purchasing an additional 212,584 shares during the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Stock Down 2.0%

TBLA opened at $3.50 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The stock has a market capitalization of $926.45 million, a price-to-earnings ratio of 87.50 and a beta of 1.27. The business has a 50-day moving average of $3.36 and a two-hundred day moving average of $3.39. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.30.

Insider Activity

In other news, Director Erez Shachar sold 27,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the sale, the director owned 218,827 shares in the company, valued at approximately $739,635.26. The trade was a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TBLA shares. B. Riley boosted their target price on shares of Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. BTIG Research started coverage on shares of Taboola.com in a research note on Tuesday, October 7th. They issued a “neutral” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Taboola.com from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

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.