Algert Global LLC Cuts Stock Holdings in Taboola.com Ltd. $TBLA

Key Points

• Algert Global LLC reduced its stake in Taboola.com Ltd. by 77.6%, selling 227,992 shares and now holding a total of 65,872 shares worth approximately $194,000.
• Several hedge funds have increased their positions in Taboola.com, with CWM LLC increasing their stake by 65.8% and Wolverine Trading LLC boosting theirs by 98.4% in recent quarters.
• Taboola.com received mixed analyst ratings, with B. Riley and Needham & Company raising their price targets to $4.50, while Wall Street Zen downgraded it from a "buy" to a "hold" rating.

Algert Global LLC reduced its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 77.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,872 shares of the company's stock after selling 227,992 shares during the quarter. Algert Global LLC's holdings in Taboola.com were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in Taboola.com by 42.9% during the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after buying an additional 665,944 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Taboola.com by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after buying an additional 5,829 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Taboola.com during the fourth quarter worth about $785,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Taboola.com by 37.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock worth $1,362,000 after buying an additional 101,677 shares during the period. Finally, Geode Capital Management LLC grew its position in Taboola.com by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 288,168 shares of the company's stock worth $1,052,000 after buying an additional 48,188 shares during the period. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Trading Down 0.9%

NASDAQ:TBLA traded down $0.03 during trading hours on Thursday, reaching $3.35. 1,658,145 shares of the company were exchanged, compared to its average volume of 1,342,404. 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 firm has a market cap of $886.75 million, a price-to-earnings ratio of 83.75 and a beta of 1.27. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30. The stock has a 50 day simple moving average of $3.44 and a 200 day simple moving average of $3.29.

Wall Street Analysts Forecast Growth

TBLA has been the topic of several recent analyst reports. Benchmark lowered their target price on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC upped their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a report on Tuesday, June 17th. Wall Street Zen downgraded shares of Taboola.com from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, B. Riley upped their price target on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $4.50.

Insiders Place Their Bets

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer owned 10,872,377 shares of the company's stock, valued at $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 24.70% of the stock is currently owned by corporate insiders.

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.