UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 101,677 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 0.13% of Taboola.com worth $1,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wolverine Trading LLC increased its position in Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after buying an additional 8,463 shares during the period. Virtu Financial LLC bought a new position in Taboola.com during the fourth quarter worth about $81,000. Aquatic Capital Management LLC acquired a new stake in Taboola.com in the 4th quarter worth about $103,000. KLP Kapitalforvaltning AS bought a new stake in Taboola.com in the 4th quarter valued at about $109,000. Finally, Man Group plc acquired 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.

Analyst Upgrades and Downgrades

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

Taboola.com Price Performance

Shares of Taboola.com stock traded down $0.01 during trading on Thursday, reaching $3.56. 860,802 shares of the company's stock were exchanged, compared to its average volume of 1,337,673. The firm's 50-day moving average price is $3.18 and its 200 day moving average price is $3.41. The company has a market cap of $1.14 billion, a P/E ratio of -35.60 and a beta of 1.29. 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 1-year low of $2.50 and a 1-year high of $4.30.

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

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.