Taboola.com Ltd. (NASDAQ:TBLA) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,033,853 shares of the company’s stock after selling 65,520 shares during the quarter. Taboola.com comprises 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 29th biggest position. Altshuler Shaham Ltd’s holdings in Taboola.com were worth $3,774,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TBLA. Marshall Wace LLP lifted its stake in Taboola.com by 25.5% in the 4th quarter. Marshall Wace LLP now owns 1,223,998 shares of the company’s stock worth $4,468,000 after purchasing an additional 248,412 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Taboola.com by 74.5% in the fourth quarter. Jump Financial LLC now owns 123,724 shares of the company’s stock valued at $452,000 after purchasing an additional 52,831 shares during the last quarter. XTX Topco Ltd lifted its position in Taboola.com by 31.2% during the fourth quarter. XTX Topco Ltd now owns 79,018 shares of the company’s stock worth $288,000 after buying an additional 18,789 shares in the last quarter. Phoenix Financial Ltd. boosted its stake in Taboola.com by 1.4% during the fourth quarter. Phoenix Financial Ltd. now owns 7,397,680 shares of the company’s stock worth $27,002,000 after buying an additional 98,800 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Taboola.com by 40.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company’s stock valued at $5,644,000 after buying an additional 443,700 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Price Performance

Taboola.com stock opened at $2.75 on Thursday. 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 company has a market capitalization of $810.33 million, a price-to-earnings ratio of -27.50 and a beta of 1.21. The company’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $3.43. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.60.

Taboola.com declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 22.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, CEO Adam Singolda acquired 60,229 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the purchase, the chief executive officer now owns 14,462,943 shares in the company, valued at $39,339,204.96. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Zvi Limon bought 168,506 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $2.93 per share, for a total transaction of $493,722.58. Following the completion of the purchase, the director now owns 2,987,383 shares in the company, valued at $8,753,032.19. This trade represents a 5.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TBLA. Citizens Jmp lowered Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. JMP Securities reduced 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 note on Monday, January 27th. Benchmark reissued a “buy” rating and issued a $4.50 price target on shares of Taboola.com in a research note on Thursday, March 27th. Oppenheimer reaffirmed a “market perform” rating on shares of Taboola.com in a research report on Wednesday, February 26th. Finally, B. Riley cut Taboola.com from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $5.00 to $4.00 in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.38.

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.