PDT Partners LLC Has $287,000 Holdings in Taboola.com Ltd. $TBLA

Key Points

• PDT Partners LLC reduced its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 50.9% in the first quarter, holding 97,335 shares valued at $287,000 after selling over 101,000 shares.
• Several large investors, including Voya Investment Management and Northern Trust Corp, increased their holdings in Taboola.com during the fourth quarter, indicating growing institutional interest.
• Taboola.com has received mixed analyst ratings, with one downgrade to a "hold" rating, while others maintain a "buy" rating with a price target increase to $4.50.

PDT Partners LLC lowered its holdings in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 50.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,335 shares of the company's stock after selling 101,103 shares during the period. PDT Partners LLC's holdings in Taboola.com were worth $287,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Taboola.com by 42.9% in the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after purchasing an additional 665,944 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Taboola.com by 16.4% in the 1st 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 period. D. E. Shaw & Co. Inc. bought a new stake in Taboola.com in the 4th quarter valued at about $785,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Taboola.com by 37.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock valued at $1,362,000 after purchasing an additional 101,677 shares during the period. Finally, Northern Trust Corp boosted its holdings in Taboola.com by 105.1% in the 4th quarter. Northern Trust Corp now owns 144,011 shares of the company's stock valued at $526,000 after purchasing an additional 73,795 shares during the period. Institutional investors own 42.89% of the company's stock.

Insider Transactions at Taboola.com

In other news, Director Erez Shachar sold 27,000 shares of Taboola.com stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the sale, the director directly owned 218,827 shares of the company's stock, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Eldad Maniv sold 20,083 shares of the company's stock in a transaction that occurred on 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 transaction, the chief operating officer owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,183 shares of company stock worth $174,467 over the last three months. Insiders own 24.70% of the company's stock.

Taboola.com Price Performance

TBLA stock traded up $0.02 during trading on Thursday, reaching $3.41. 783,099 shares of the company were exchanged, compared to its average volume of 1,080,945. The company has a 50-day moving average of $3.40 and a two-hundred day moving average of $3.25. The company has a market capitalization of $902.63 million, a price-to-earnings ratio of 85.25 and a beta of 1.27. Taboola.com Ltd. has a twelve month low of $2.50 and a twelve month high of $4.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07.

Analyst Upgrades and Downgrades

TBLA has been the subject of a number of recent research reports. B. Riley boosted their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a report on Thursday, August 7th. Needham & Company LLC upped their price target 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. Finally, Wall Street Zen downgraded shares of Taboola.com from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average 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.