Taboola.com Ltd. (NASDAQ:TBLA) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 105.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,011 shares of the company's stock after acquiring an additional 73,795 shares during the quarter. Northern Trust Corp's holdings in Taboola.com were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Meitav Investment House Ltd. increased its position in Taboola.com by 9.4% during the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company's stock worth $279,000 after purchasing an additional 6,500 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Taboola.com by 18.8% in the 4th quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock valued at $376,000 after buying an additional 16,333 shares during the period. R Squared Ltd purchased a new stake in shares of Taboola.com in the 4th quarter valued at approximately $68,000. XTX Topco Ltd increased its holdings in shares of Taboola.com by 31.2% during the 4th quarter. XTX Topco Ltd now owns 79,018 shares of the company's stock worth $288,000 after buying an additional 18,789 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Taboola.com by 61.5% during the 4th quarter. Quantbot Technologies LP now owns 55,863 shares of the company's stock valued at $204,000 after buying an additional 21,281 shares during the period. Hedge funds and other institutional investors own 42.89% of the company's stock.

Taboola.com Trading Up 0.6%

Taboola.com stock traded up $0.02 during trading on Wednesday, hitting $3.58. The company had a trading volume of 791,289 shares, compared to its average volume of 1,325,526. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -35.80 and a beta of 1.21. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.30. The company's 50 day simple moving average is $3.11 and its 200-day simple moving average is $3.40.

Taboola.com declared that its board has approved a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 22.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TBLA shares. Needham & Company LLC reiterated a "buy" rating and issued a $4.00 price objective on shares of Taboola.com in a report on Thursday, March 27th. Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Benchmark lowered their price target on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, B. Riley upgraded shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price objective on the stock in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4.25.

Taboola.com 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.