Charles Schwab Investment Management Inc. lessened its holdings in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 74.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,898 shares of the company's stock after selling 176,586 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Taboola.com were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in 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. Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $122,000 after purchasing an additional 5,829 shares during the period. Wolverine Trading LLC boosted its stake in Taboola.com by 98.4% in the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after purchasing an additional 8,463 shares during the period. Voya Investment Management LLC boosted its stake in Taboola.com by 18.8% in the 4th quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock worth $376,000 after purchasing an additional 16,333 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Taboola.com by 39.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,707 shares of the company's stock worth $185,000 after purchasing an additional 17,830 shares during the period. Hedge funds and other institutional investors own 42.89% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the company. Needham & Company LLC raised their price target on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a report on Tuesday, June 17th. Wall Street Zen cut Taboola.com from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, B. Riley raised their price target on Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a report on Thursday, August 7th. Four 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 stock currently has an average rating of "Moderate Buy" and an average price target of $4.50.
Check Out Our Latest Analysis on TBLA
Taboola.com Price Performance
Shares of NASDAQ TBLA traded up $0.01 during trading hours on Friday, reaching $3.37. 1,024,229 shares of the stock traded hands, compared to its average volume of 1,213,316. The company has a market capitalization of $892.04 million, a P/E ratio of 84.25 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30. The company's 50-day simple moving average is $3.41 and its two-hundred day simple moving average is $3.26.
Insider Transactions at Taboola.com
In related news, Director Erez Shachar sold 27,000 shares of the firm's 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,183 shares of company stock worth $174,467. 24.70% of the stock is currently owned by insiders.
Taboola.com Profile
(
Free Report)
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.
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