Teacher Retirement System of Texas Reduces Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Teacher Retirement System of Texas reduced its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 18.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,786 shares of the company’s stock after selling 24,708 shares during the period. Teacher Retirement System of Texas’ holdings in Taboola.com were worth $312,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Quantbot Technologies LP boosted its holdings in Taboola.com by 61.5% during the fourth quarter. Quantbot Technologies LP now owns 55,863 shares of the company’s stock worth $204,000 after buying an additional 21,281 shares in the last quarter. Virtu Financial LLC acquired a new position in Taboola.com during the fourth quarter worth $81,000. American Century Companies Inc. raised its position in Taboola.com by 32.8% during the fourth quarter. American Century Companies Inc. now owns 241,110 shares of the company’s stock worth $880,000 after acquiring an additional 59,532 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Taboola.com during the fourth quarter worth $109,000. Finally, Wellington Management Group LLP raised its position in Taboola.com by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company’s stock worth $70,102,000 after acquiring an additional 1,109,602 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taboola.com

In related news, COO Eldad Maniv sold 20,083 shares of the firm’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 completion of the sale, the chief operating officer directly owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TBLA shares. Needham & Company LLC upped their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Benchmark reduced 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. Finally, B. Riley upgraded shares of Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Taboola.com currently has an average rating of “Moderate Buy” and an average price target of $4.38.

Taboola.com Price Performance

Shares of NASDAQ TBLA opened at $3.54 on Friday. The firm has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $3.37. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 88.52 and a beta of 1.28. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.30.

About Taboola.com

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.