Taboola.com Ltd. (NASDAQ:TBLA) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has increased its stake in Taboola.com Ltd. by 95.1%, now owning 154,153 shares valued at $455,000 after purchasing an additional 75,135 shares.
• COO Eldad Maniv sold 20,083 shares at approximately $3.75 each, reducing his stake by 0.18% to about 10.87 million shares.
• Analysts have given Taboola.com a consensus rating of "Moderate Buy" with an average price target of $4.50, following some recent adjustments from firms like B. Riley and Needham & Company LLC.

XTX Topco Ltd raised its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 95.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,153 shares of the company's stock after buying an additional 75,135 shares during the period. XTX Topco Ltd owned about 0.05% of Taboola.com worth $455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after buying an additional 4,502 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Taboola.com by 16.4% in the first 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 in the last quarter. Wolverine Trading LLC increased its holdings in Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after buying an additional 8,463 shares in the last quarter. Voya Investment Management LLC increased its holdings in Taboola.com by 18.8% in the fourth quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock valued at $376,000 after buying an additional 16,333 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Taboola.com by 39.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,707 shares of the company's stock valued at $185,000 after buying an additional 17,830 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Benchmark cut their target price on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, B. Riley boosted their target price on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.50.

Insiders Place Their Bets

In related news, COO Eldad Maniv sold 20,083 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction 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. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 22.40% of the company's stock.

Taboola.com Price Performance

Shares of TBLA stock traded up $0.07 on Tuesday, reaching $3.24. 481,664 shares of the company were exchanged, compared to its average volume of 1,701,745. The company has a market cap of $858.69 million, a price-to-earnings ratio of 80.88 and a beta of 1.27. The business has a 50-day moving average price of $3.52 and a 200 day moving average price of $3.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.30.

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.