Arrowstreet Capital Limited Partnership Has $2.20 Million Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Arrowstreet Capital Limited Partnership lessened its holdings in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 602,941 shares of the company's stock after selling 230,061 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.21% of Taboola.com worth $2,201,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC acquired a new position in shares of Taboola.com in the 3rd quarter worth approximately $126,000. Point72 Asset Management L.P. lifted its holdings in shares of Taboola.com by 529.8% during the third quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company's stock valued at $291,000 after acquiring an additional 72,849 shares during the period. State Street Corp boosted its stake in shares of Taboola.com by 5.5% in the 3rd quarter. State Street Corp now owns 305,350 shares of the company's stock valued at $1,026,000 after purchasing an additional 16,055 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Taboola.com by 698.2% in the 3rd quarter. Jane Street Group LLC now owns 93,353 shares of the company's stock valued at $314,000 after purchasing an additional 81,658 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Taboola.com by 99.6% in the 3rd quarter. XTX Topco Ltd now owns 60,229 shares of the company's stock worth $202,000 after purchasing an additional 30,059 shares during the last quarter. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Price Performance

Shares of Taboola.com stock traded up $0.05 during midday trading on Tuesday, reaching $2.80. The company had a trading volume of 396,150 shares, compared to its average volume of 1,196,826. The stock has a fifty day simple moving average of $3.15 and a 200 day simple moving average of $3.44. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.60. 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 company has a market capitalization of $823.59 million, a price-to-earnings ratio of -27.95 and a beta of 1.21.

Taboola.com announced that its Board of Directors has approved a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other Taboola.com news, Director Zvi Limon acquired 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 acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Singolda bought 60,229 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.72 per share, with a total value of $163,822.88. Following the acquisition, the chief executive officer now directly owns 14,462,943 shares in the company, valued at approximately $39,339,204.96. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Insiders own 22.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on TBLA shares. Benchmark restated a "buy" rating and issued a $4.50 price target on shares of Taboola.com in a research report on Thursday, March 27th. Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. JMP Securities dropped their price target on Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a report on Monday, January 27th. B. Riley lowered Taboola.com from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $5.00 to $4.00 in a research note on Thursday, February 27th. Finally, Citizens Jmp cut Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Taboola.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.38.

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.