Migdal Insurance & Financial Holdings Ltd. Boosts Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Migdal Insurance & Financial Holdings Ltd. increased its holdings in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,043,235 shares of the company's stock after purchasing an additional 700,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 1.34% of Taboola.com worth $17,507,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Swiss National Bank raised its position in shares of Taboola.com by 9.2% in the first quarter. Swiss National Bank now owns 137,700 shares of the company's stock valued at $711,000 after purchasing an additional 11,600 shares during the period. Acadian Asset Management LLC acquired a new position in Taboola.com in the 1st quarter valued at $36,000. BlackRock Inc. raised its holdings in Taboola.com by 17.5% in the 1st quarter. BlackRock Inc. now owns 851,627 shares of the company's stock worth $4,394,000 after acquiring an additional 127,139 shares during the period. Lazard Asset Management LLC acquired a new position in Taboola.com during the 1st quarter worth $54,000. Finally, DC Investments Management LLC boosted its holdings in Taboola.com by 127.7% during the first quarter. DC Investments Management LLC now owns 587,575 shares of the company's stock valued at $3,032,000 after acquiring an additional 329,575 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Lior Golan sold 21,927 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $4.88, for a total transaction of $107,003.76. Following the completion of the sale, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,421,020.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Taboola.com news, COO Eldad Maniv sold 33,141 shares of the business's stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $4.01, for a total value of $132,895.41. Following the transaction, the chief operating officer now owns 8,894,229 shares of the company's stock, valued at $35,665,858.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Lior Golan sold 21,927 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $4.88, for a total value of $107,003.76. Following the sale, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,421,020.08. The disclosure for this sale can be found here. Insiders sold 88,466 shares of company stock worth $402,213 over the last three months. 23.49% of the stock is currently owned by corporate insiders.

Taboola.com Price Performance

Shares of TBLA stock traded down $0.03 during mid-day trading on Wednesday, reaching $3.91. The company's stock had a trading volume of 846,267 shares, compared to its average volume of 1,421,044. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The firm's 50-day moving average is $4.45 and its two-hundred day moving average is $4.13. Taboola.com Ltd. has a 1-year low of $2.16 and a 1-year high of $5.00. The company has a market cap of $1.16 billion, a P/E ratio of -16.58 and a beta of 1.37.

Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The firm had revenue of $419.80 million during the quarter, compared to analysts' expectations of $436.96 million. During the same quarter last year, the company earned $0.11 earnings per share. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts predict that Taboola.com Ltd. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

TBLA has been the subject of several research analyst reports. TheStreet raised Taboola.com from a "d+" rating to a "c-" rating in a research report on Friday, January 19th. Benchmark restated a "buy" rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Tuesday, December 19th. B. Riley boosted their target price on shares of Taboola.com from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, December 21st. Needham & Company LLC reissued a "buy" rating and issued a $6.00 price target on shares of Taboola.com in a report on Thursday, March 28th. Finally, Oppenheimer boosted their price objective on shares of Taboola.com from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, February 29th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $5.94.

Taboola.com 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.