UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 373,075 shares of the company's stock after purchasing an additional 101,677 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Taboola.com worth $1,362,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Wolverine Trading LLC raised its holdings in shares of Taboola.com by 98.4% in the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after purchasing an additional 8,463 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Taboola.com in the fourth quarter worth about $81,000. Aquatic Capital Management LLC acquired a new stake in Taboola.com during the fourth quarter valued at $103,000. KLP Kapitalforvaltning AS acquired a new stake in Taboola.com in the fourth quarter valued at approximately $109,000. Finally, Man Group plc purchased a new stake in shares of Taboola.com during the fourth quarter worth about $180,000. 42.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TBLA has been the subject of a number of recent research reports. B. Riley raised Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 target price for the company in a research note on Thursday, May 8th. Citizens Jmp downgraded shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Benchmark dropped their price objective on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $4.00 price target on shares of Taboola.com in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.25.
Get Our Latest Analysis on Taboola.com
Taboola.com Trading Up 2.2%
NASDAQ TBLA opened at $3.64 on Monday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -36.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.30. The company's fifty day moving average price is $3.13 and its two-hundred day moving average price is $3.41.
Taboola.com announced that its board has authorized a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 22.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
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.
Further Reading
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