Invesco Ltd. Cuts Stock Holdings in Taboola.com Ltd. $TBLA

Invesco Ltd. decreased its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 18.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,976 shares of the company’s stock after selling 49,953 shares during the period. Invesco Ltd. owned about 0.07% of Taboola.com worth $640,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. XTX Topco Ltd lifted its position in shares of Taboola.com by 95.1% during the 1st quarter. XTX Topco Ltd now owns 154,153 shares of the company’s stock worth $455,000 after buying an additional 75,135 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Taboola.com by 63.6% during the 1st quarter. GSA Capital Partners LLP now owns 997,057 shares of the company’s stock worth $2,941,000 after buying an additional 387,777 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Taboola.com by 39.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,707 shares of the company’s stock worth $185,000 after buying an additional 17,830 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Taboola.com by 6.4% during the 1st quarter. ARK Investment Management LLC now owns 539,207 shares of the company’s stock worth $1,591,000 after buying an additional 32,563 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its position in shares of Taboola.com by 0.3% during the 1st quarter. Phoenix Financial Ltd. now owns 7,419,080 shares of the company’s stock worth $21,886,000 after buying an additional 21,400 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

Insider Buying and Selling at Taboola.com

In related news, COO Eldad Maniv sold 20,083 shares of the company’s 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erez Shachar sold 27,000 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the transaction, the director owned 218,827 shares of the company’s stock, valued at $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,183 shares of company stock valued at $174,467 over the last quarter. 24.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Taboola.com Price Performance

Taboola.com stock opened at $3.36 on Friday. Taboola.com Ltd. has a 52 week low of $2.50 and a 52 week high of $4.30. The business has a 50-day simple moving average of $3.42 and a 200 day simple moving average of $3.27. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The stock has a market cap of $889.39 million, a price-to-earnings ratio of 84.00 and a beta of 1.27.

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.