Marshall Wace LLP Has $4.47 Million Position in Taboola.com Ltd. (NASDAQ:TBLA)

Marshall Wace LLP increased its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,223,998 shares of the company's stock after purchasing an additional 248,412 shares during the period. Marshall Wace LLP owned 0.42% of Taboola.com worth $4,468,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in shares of Taboola.com by 22.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company's stock valued at $121,000 after purchasing an additional 6,094 shares during the period. Meitav Investment House Ltd. increased its position in shares of Taboola.com by 9.4% during the 4th quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company's stock valued at $279,000 after purchasing an additional 6,500 shares during the period. Tidal Investments LLC increased its position in shares of Taboola.com by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company's stock valued at $618,000 after purchasing an additional 8,127 shares during the period. State Street Corp increased its position in shares of Taboola.com by 5.5% during the 3rd quarter. State Street Corp now owns 305,350 shares of the company's stock valued at $1,026,000 after purchasing an additional 16,055 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Taboola.com during the 4th quarter valued at $68,000. Institutional investors own 42.89% of the company's stock.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Zvi Limon bought 168,506 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $2.93 per share, with a total value of $493,722.58. Following the completion of the transaction, the director now directly owns 2,987,383 shares in the company, valued at approximately $8,753,032.19. This represents a 5.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Singolda bought 60,229 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $2.72 per share, with a total value of $163,822.88. Following the transaction, the chief executive officer now owns 14,462,943 shares of the company's stock, valued at $39,339,204.96. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TBLA. Oppenheimer reiterated a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. B. Riley cut Taboola.com from a "buy" rating to a "neutral" rating and lowered their price target for the company from $5.00 to $4.00 in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $4.00 target price on shares of Taboola.com in a report on Thursday, March 27th. Citizens Jmp cut Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Finally, JMP Securities decreased their target price on Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $4.38.

Taboola.com Stock Down 1.3 %

Shares of Taboola.com stock traded down $0.04 during midday trading on Wednesday, hitting $2.95. The company's stock had a trading volume of 1,619,873 shares, compared to its average volume of 1,236,439. The firm has a market capitalization of $869.72 million, a P/E ratio of -29.50 and a beta of 1.21. The stock has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $3.41. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.60.

Taboola.com announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 22.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is 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.