Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in Taboola.com Ltd. $TBLA

Connor Clark & Lunn Investment Management Ltd. decreased its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,353,055 shares of the company's stock after selling 127,613 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.42% of Taboola.com worth $3,992,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after acquiring an additional 4,502 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings 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 worth $122,000 after purchasing an additional 5,829 shares in the last quarter. Wolverine Trading LLC raised its holdings in Taboola.com by 98.4% during the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after purchasing an additional 8,463 shares in the last quarter. Voya Investment Management LLC raised its holdings in Taboola.com by 18.8% during 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Taboola.com by 39.7% during 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. Institutional investors and hedge funds own 42.89% of the company's stock.

Insider Activity at Taboola.com

In related news, COO Eldad Maniv sold 20,083 shares of Taboola.com stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at $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 is available at the SEC website. 22.40% of the stock is owned by insiders.

Taboola.com Stock Performance

Shares of Taboola.com stock traded down $0.03 during trading on Monday, reaching $3.30. The company's stock had a trading volume of 1,380,245 shares, compared to its average volume of 1,693,330. The company has a 50-day moving average price of $3.49 and a two-hundred day moving average price of $3.31. The firm has a market cap of $872.19 million, a PE ratio of 82.38 and a beta of 1.27. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. 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

A number of analysts have weighed in on TBLA shares. Benchmark cut their price objective on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. B. Riley raised their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Needham & Company LLC raised their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Two equities 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 stock has an average rating of "Moderate Buy" and a consensus price target of $4.50.

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.