Arrowstreet Capital Limited Partnership Has $5.33 Million Stock Holdings in Taboola.com Ltd. $TBLA

Arrowstreet Capital Limited Partnership boosted its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,719,172 shares of the company's stock after purchasing an additional 214,758 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.71% of Taboola.com worth $5,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TBLA. LSV Asset Management lifted its stake in shares of Taboola.com by 31.5% during the 4th quarter. LSV Asset Management now owns 2,608,389 shares of the company's stock worth $12,025,000 after buying an additional 624,831 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Taboola.com by 6.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company's stock valued at $7,806,000 after buying an additional 147,920 shares during the last quarter. Bank of America Corp DE grew its stake in Taboola.com by 8.2% in the 3rd quarter. Bank of America Corp DE now owns 2,149,621 shares of the company's stock valued at $7,330,000 after buying an additional 163,605 shares during the last quarter. Two Sigma Investments LP raised its holdings in Taboola.com by 114.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company's stock valued at $6,839,000 after acquiring an additional 1,070,864 shares during the period. Finally, Globeflex Capital L P raised its holdings in Taboola.com by 16.4% in the 1st quarter. Globeflex Capital L P now owns 1,907,015 shares of the company's stock valued at $5,912,000 after acquiring an additional 268,105 shares during the period. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TBLA has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price objective on Taboola.com from $4.50 to $5.50 and gave the stock a "buy" rating in a report on Thursday, May 7th. Zacks Research lowered Taboola.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Wall Street Zen upgraded Taboola.com from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. TD Cowen lifted their price target on Taboola.com from $4.00 to $6.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Finally, Benchmark boosted their price target on Taboola.com from $4.50 to $6.50 and gave the company a "buy" rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $5.90.

Insider Buying and Selling at Taboola.com

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the sale, the insider owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 20.60% of the company's stock.

Taboola.com Price Performance

Shares of TBLA opened at $5.01 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com Ltd. has a 12 month low of $2.84 and a 12 month high of $5.71. The firm's 50 day moving average is $4.98 and its 200-day moving average is $4.17. The stock has a market capitalization of $1.22 billion, a PE ratio of 13.18 and a beta of 1.50.

Taboola.com (NASDAQ:TBLA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.21. The company had revenue of $466.39 million for the quarter, compared to analysts' expectations of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.Taboola.com's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. Equities research analysts forecast that Taboola.com Ltd. will post 0.41 EPS for the current year.

About Taboola.com

Taboola.com NASDAQ: TBLA operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.

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