Charles Schwab Investment Management Inc. cut its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 74.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,898 shares of the company's stock after selling 176,586 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Taboola.com were worth $180,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TBLA. CWM LLC grew its stake 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 acquiring an additional 4,502 shares in the last quarter. Wolverine Trading LLC grew its position 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 in the last quarter. Royce & Associates LP bought a new stake in Taboola.com in the 1st quarter worth about $86,000. Wealth Enhancement Advisory Services LLC increased 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 valued at $122,000 after buying an additional 5,829 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Taboola.com during the 4th quarter worth approximately $180,000. Institutional investors own 42.89% of the company's stock.
Taboola.com Stock Performance
TBLA traded down $0.03 during trading hours on Wednesday, hitting $3.39. The stock had a trading volume of 914,651 shares, compared to its average volume of 1,092,002. The company's fifty day simple moving average is $3.40 and its 200 day simple moving average is $3.26. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.30. The stock has a market cap of $897.33 million, a PE ratio of 84.75 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.
Insider Activity
In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the business's stock in a transaction 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 sale, the director owned 218,827 shares of the company's stock, valued at $739,635.26. The trade was a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Eldad Maniv sold 20,083 shares of the stock in a transaction on 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 in the company, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,183 shares of company stock valued at $174,467 in the last quarter. Corporate insiders own 24.70% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on TBLA shares. Wall Street Zen downgraded Taboola.com from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Needham & Company LLC raised their target price on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, B. Riley boosted their price target on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. 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, Taboola.com presently has a consensus rating of "Moderate Buy" and an average price target of $4.50.
View Our Latest Analysis on Taboola.com
About Taboola.com
(
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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