Taboola.com Ltd. $TBLA Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 74.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,898 shares of the company’s stock after selling 176,586 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Taboola.com were worth $180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TBLA. Voya Investment Management LLC lifted its holdings in shares of Taboola.com by 18.8% during the fourth quarter. Voya Investment Management LLC now owns 103,054 shares of the company’s stock worth $376,000 after purchasing an additional 16,333 shares during the period. Northern Trust Corp lifted its holdings in shares of Taboola.com by 105.1% during the fourth quarter. Northern Trust Corp now owns 144,011 shares of the company’s stock worth $526,000 after purchasing an additional 73,795 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Taboola.com by 95.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 67,088 shares of the company’s stock worth $245,000 after purchasing an additional 32,849 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Taboola.com by 1,257.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,362,422 shares of the company’s stock worth $4,973,000 after purchasing an additional 1,262,042 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Taboola.com by 211.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 360,483 shares of the company’s stock worth $1,316,000 after purchasing an additional 244,727 shares during the period. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Activity at Taboola.com

In other news, COO Eldad Maniv sold 20,083 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total transaction of $75,311.25. Following the completion of the transaction, the chief operating officer directly owned 10,872,377 shares of the company’s stock, valued at $40,771,413.75. This represents a 0.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Erez Shachar sold 27,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the sale, the director owned 218,827 shares of the company’s stock, valued at $739,635.26. The trade was a 10.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,183 shares of company stock valued at $174,467. Corporate insiders own 24.70% of the company’s stock.

Wall Street Analyst Weigh In

TBLA has been the subject of a number of research reports. Wall Street Zen downgraded Taboola.com from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Benchmark decreased their target price on Taboola.com from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, May 8th. B. Riley boosted their price target on Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Needham & Company LLC boosted their price target on Taboola.com from $3.34 to $4.50 and gave the company a “buy” rating in a report on Tuesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Taboola.com Trading Down 0.3%

Shares of TBLA stock opened at $3.36 on Friday. 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 company has a market cap of $889.39 million, a price-to-earnings ratio of 84.00 and a beta of 1.27. The stock has a 50 day simple moving average of $3.42 and a 200-day simple moving average of $3.27. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.30.

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.