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

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TBLA. Wealth Enhancement Advisory Services LLC boosted 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 valued at $122,000 after purchasing an additional 5,829 shares during the last quarter. Wolverine Trading LLC boosted its position in Taboola.com by 98.4% during the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after purchasing an additional 8,463 shares during the last quarter. Voya Investment Management LLC boosted its position in Taboola.com by 18.8% during the fourth quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock valued at $376,000 after purchasing an additional 16,333 shares during the last quarter. XTX Topco Ltd boosted its position in Taboola.com by 31.2% during the fourth quarter. XTX Topco Ltd now owns 79,018 shares of the company's stock valued at $288,000 after purchasing an additional 18,789 shares during the last quarter. Finally, State of Wyoming raised its stake in Taboola.com by 25.7% in the fourth quarter. State of Wyoming now owns 94,683 shares of the company's stock valued at $346,000 after buying an additional 19,357 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Stock Down 3.3%

Taboola.com stock traded down $0.12 during midday trading on Friday, reaching $3.51. The stock had a trading volume of 699,476 shares, compared to its average volume of 1,403,189. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.30. The company has a market capitalization of $1.13 billion, a P/E ratio of 87.77 and a beta of 1.28. The company has a fifty day moving average price of $3.46 and a two-hundred day moving average price of $3.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Insider Transactions at Taboola.com

In other news, COO Eldad Maniv sold 20,083 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the transaction, the chief operating officer owned 10,872,377 shares in the company, valued at $40,771,413.75. The trade was a 0.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TBLA shares. Benchmark lowered their target price on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC increased their target price on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, B. Riley raised Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.