American Century Companies Inc. Grows Position in Taboola.com Ltd. $TBLA

American Century Companies Inc. increased its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 42.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,092 shares of the company’s stock after purchasing an additional 102,982 shares during the period. American Century Companies Inc. owned approximately 0.11% of Taboola.com worth $1,015,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. CWM LLC grew its stake in Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after buying an additional 4,502 shares in the last quarter. Wolverine Trading LLC grew its position in Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after acquiring an additional 8,463 shares in the last quarter. Royce & Associates LP bought a new position in Taboola.com in the first quarter valued at $86,000. Wealth Enhancement Advisory Services LLC raised its position in Taboola.com by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company’s stock valued at $122,000 after purchasing an additional 5,829 shares in the last quarter. Finally, Aigen Investment Management LP raised its position in Taboola.com by 154.9% during the first quarter. Aigen Investment Management LP now owns 42,336 shares of the company’s stock valued at $125,000 after purchasing an additional 25,725 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Insider Activity at Taboola.com

In related news, COO Eldad Maniv sold 20,083 shares of Taboola.com stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares of the company’s stock, valued at $40,771,413.75. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Erez Shachar sold 27,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the sale, the director directly owned 218,827 shares of the company’s stock, valued at $739,635.26. The trade was a 10.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,183 shares of company stock worth $174,467 in the last 90 days. Company insiders own 22.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TBLA. Wall Street Zen cut Taboola.com from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Needham & Company LLC upped their target price on Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Benchmark reduced their price target on shares of Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, B. Riley boosted their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

Taboola.com Price Performance

TBLA opened at $3.37 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $3.42 and its 200 day simple moving average is $3.27. The firm has a market cap of $892.04 million, a price-to-earnings ratio of 84.25 and a beta of 1.27. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.30.

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.