American Century Companies Inc. Raises Stock Position in Taboola.com Ltd. $TBLA

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% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC increased its position in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after purchasing an additional 4,502 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Taboola.com by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after purchasing an additional 5,829 shares during the period. Wolverine Trading LLC raised its holdings in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after buying an additional 8,463 shares during the period. Voya Investment Management LLC grew its holdings in shares of Taboola.com by 18.8% in the fourth quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock worth $376,000 after purchasing an additional 16,333 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Taboola.com by 39.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,707 shares of the company's stock valued at $185,000 after purchasing an additional 17,830 shares during the period. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Taboola.com

In related news, Director Erez Shachar sold 27,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the transaction, the director owned 218,827 shares of the company's stock, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $75,311.25. Following the completion of the transaction, the chief operating officer directly owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,183 shares of company stock valued at $174,467. 22.40% of the stock is owned by corporate insiders.

Taboola.com Stock Performance

Shares of NASDAQ TBLA traded up $0.05 during mid-day trading on Monday, reaching $3.42. 568,641 shares of the company's stock were exchanged, compared to its average volume of 1,649,866. 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 capitalization of $903.95 million, a price-to-earnings ratio of 85.38 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 firm has a 50-day moving average price of $3.41 and a two-hundred day moving average price of $3.26.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TBLA. Needham & Company LLC increased their target price on shares of 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 lifted their target price on Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut shares of Taboola.com from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.50.

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.