Northern Trust Corp Buys 73,795 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Northern Trust Corp lifted its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 105.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Taboola.com during the fourth quarter valued at about $68,000. Virtu Financial LLC acquired a new position in Taboola.com in the fourth quarter valued at approximately $81,000. Aquatic Capital Management LLC acquired a new position in Taboola.com in the fourth quarter valued at about $103,000. KLP Kapitalforvaltning AS purchased a new stake in Taboola.com in the fourth quarter valued at approximately $109,000. Finally, Quantbot Technologies LP lifted its stake in Taboola.com by 61.5% during the 4th quarter. Quantbot Technologies LP now owns 55,863 shares of the company's stock worth $204,000 after acquiring an additional 21,281 shares in the last quarter. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Performance

NASDAQ:TBLA traded up $0.06 during mid-day trading on Wednesday, reaching $3.62. 109,199 shares of the company's stock were exchanged, compared to its average volume of 1,321,926. The business's fifty day simple moving average is $3.10 and its two-hundred day simple moving average is $3.40. The firm has a market capitalization of $1.16 billion, a PE ratio of -36.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com Ltd. has a one year low of $2.50 and a one year high of $4.30.

Taboola.com declared that its board has initiated a share repurchase program on Wednesday, February 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 22.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

TBLA has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $4.00 target price on shares of Taboola.com in a research report on Thursday, March 27th. Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Benchmark dropped their target price on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citizens Jmp lowered Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Finally, B. Riley raised shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price objective for the company 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.25.

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.