Credit Agricole S A Purchases New Position in Taboola.com Ltd. $TBLA

Key Points

• Credit Agricole S A has purchased 320,000 shares of Taboola.com Ltd. valued at approximately $944,000, representing about 0.10% ownership of the company.
• Institutional investors currently own 42.89% of Taboola.com, with significant recent increases in holdings by several hedge funds, including CWM LLC and Wolverine Trading LLC.
• Taboola.com shares opened at $3.40 and have a target price consensus of $4.50 among analysts, indicating a generally positive outlook.

Credit Agricole S A purchased a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 320,000 shares of the company's stock, valued at approximately $944,000. Credit Agricole S A owned about 0.10% of Taboola.com at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC grew its holdings 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. Wolverine Trading LLC grew its holdings in Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after acquiring an additional 8,463 shares during the last quarter. Royce & Associates LP bought a new stake in Taboola.com during the 1st quarter worth approximately $86,000. Aquatic Capital Management LLC bought a new stake in Taboola.com during the 4th quarter worth approximately $103,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in 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 acquiring an additional 5,829 shares during the last quarter. 42.89% of the stock is owned by institutional investors.

Taboola.com Trading Up 4.3%

NASDAQ:TBLA opened at $3.40 on Monday. The firm's fifty day moving average is $3.47 and its 200-day moving average is $3.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.30. The firm has a market cap of $899.98 million, a P/E ratio of 85.00 and a beta of 1.27.

Insider Activity at Taboola.com

In other news, COO Eldad Maniv sold 20,083 shares of the company's 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 sale, the chief operating officer directly owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 22.40% of the company's stock.

Analyst Ratings Changes

TBLA has been the topic of a number of research reports. B. Riley boosted their target price 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. Wall Street Zen lowered shares of Taboola.com from a "buy" rating to a "hold" rating in a report on Friday. Benchmark reduced their target price 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. Finally, Needham & Company LLC boosted their target price 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $4.50.

Taboola.com Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.