Taboola.com Ltd. $TBLA Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Taboola.com Ltd. by 42.7% during the 1st quarter, owning approximately $1,015,000 worth of shares.
• Insider trading activity revealed that COO Eldad Maniv sold 20,083 shares at an average price of $3.75, while Director Erez Shachar sold 27,000 shares at an average price of $3.38.
• Wall Street analysts have mixed opinions on Taboola.com, with four firms giving a Buy rating while the consensus price target is $4.50.

American Century Companies Inc. boosted its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 42.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 344,092 shares of the company's stock after acquiring an additional 102,982 shares during the period. American Century Companies Inc. owned 0.11% of Taboola.com worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TBLA. Aigen Investment Management LP grew its holdings in shares of Taboola.com by 154.9% in the first quarter. Aigen Investment Management LP now owns 42,336 shares of the company's stock valued at $125,000 after purchasing an additional 25,725 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Taboola.com by 95.1% in the first quarter. XTX Topco Ltd now owns 154,153 shares of the company's stock valued at $455,000 after acquiring an additional 75,135 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Taboola.com by 63.6% in the first quarter. GSA Capital Partners LLP now owns 997,057 shares of the company's stock worth $2,941,000 after purchasing an additional 387,777 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Taboola.com by 39.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,707 shares of the company's stock worth $185,000 after purchasing an additional 17,830 shares in the last quarter. Finally, ARK Investment Management LLC grew its stake in shares of Taboola.com by 6.4% during the first quarter. ARK Investment Management LLC now owns 539,207 shares of the company's stock worth $1,591,000 after acquiring an additional 32,563 shares during the last quarter. Institutional investors own 42.89% of the company's stock.

Taboola.com Trading Up 0.4%

Taboola.com stock traded up $0.02 during midday trading on Tuesday, reaching $3.43. 191,563 shares of the stock traded hands, compared to its average volume of 1,644,105. The company has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $3.25. Taboola.com Ltd. has a 12-month low of $2.50 and a 12-month high of $4.30. The firm has a market cap of $906.60 million, a PE ratio of 85.63 and a beta of 1.27. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

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

Insider Transactions at Taboola.com

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Erez Shachar sold 27,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the sale, the director directly owned 218,827 shares in the company, valued at $739,635.26. This represents a 10.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,183 shares of company stock valued at $174,467 over the last 90 days. 22.40% of the stock is currently owned by company insiders.

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.