Checchi Capital Advisers LLC Sells 75,657 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Checchi Capital Advisers LLC lessened its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,178,014 shares of the company's stock after selling 75,657 shares during the period. Checchi Capital Advisers LLC owned 0.40% of Taboola.com worth $3,475,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bridgeway Capital Management LLC boosted its stake in shares of Taboola.com by 1,257.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,362,422 shares of the company's stock valued at $4,973,000 after purchasing an additional 1,262,042 shares during the last quarter. Wellington Management Group LLP boosted its stake in Taboola.com by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock valued at $70,102,000 after acquiring an additional 1,109,602 shares during the last quarter. Millennium Management LLC grew its holdings in Taboola.com by 42.9% during the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after acquiring an additional 665,944 shares during the period. Renaissance Technologies LLC raised its position in shares of Taboola.com by 40.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company's stock valued at $5,644,000 after acquiring an additional 443,700 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Taboola.com during the 4th quarter valued at $1,042,000. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Trading Down 3.3%

Shares of TBLA traded down $0.12 during trading hours on Friday, reaching $3.51. The stock had a trading volume of 699,476 shares, compared to its average volume of 1,399,373. The company has a market cap of $1.13 billion, a P/E ratio of 87.77 and a beta of 1.28. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.30. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $3.45 and a 200 day moving average of $3.38.

Insider Activity

In other news, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the completion of the sale, the chief operating officer owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 24.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TBLA shares. Benchmark decreased their price objective on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. B. Riley upgraded Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 target price on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC upped their price target on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Taboola.com has a consensus rating of "Moderate Buy" and an average price target of $4.38.

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.