Credit Agricole S A Acquires Shares of 320,000 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 first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 320,000 shares of the company's stock, valued at approximately $944,000. Credit Agricole S A owned 0.10% of Taboola.com as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after purchasing an additional 4,502 shares during the period. Wolverine Trading LLC grew its stake in Taboola.com by 98.4% in 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. Royce & Associates LP acquired a new stake in shares of Taboola.com in the 1st quarter worth $86,000. Aquatic Capital Management LLC acquired a new position in Taboola.com during the 4th quarter valued at approximately $103,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Taboola.com by 16.4% in 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 during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TBLA has been the topic of several analyst reports. Needham & Company LLC raised their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Wall Street Zen lowered shares of Taboola.com from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. B. Riley lifted their price objective on Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, 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 research note on Thursday, May 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.50.

Taboola.com Stock Down 0.3%

Shares of TBLA traded down $0.01 during mid-day trading on Friday, hitting $3.34. 1,652,646 shares of the company's stock were exchanged, compared to its average volume of 1,373,260. The stock's 50-day moving average is $3.44 and its 200-day moving average is $3.28. The company has a market cap of $884.10 million, a price-to-earnings ratio of 83.50 and a beta of 1.27. 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 fifty-two week low of $2.50 and a fifty-two week high of $4.30.

Insider Activity

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the sale, the chief operating officer owned 10,872,377 shares of the company's stock, valued at $40,771,413.75. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Erez Shachar sold 27,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the sale, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,183 shares of company stock worth $174,467. 24.70% of the stock is owned by company insiders.

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.