Arrowstreet Capital Limited Partnership Buys 2,505,249 Shares of Taboola.com Ltd. $TBLA

Arrowstreet Capital Limited Partnership lifted its position in Taboola.com Ltd. (NASDAQ:TBLA) by 412.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,113,200 shares of the company’s stock after acquiring an additional 2,505,249 shares during the period. Arrowstreet Capital Limited Partnership owned 1.18% of Taboola.com worth $11,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC lifted its stake in Taboola.com by 73.4% during the 2nd quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock valued at $4,588,000 after acquiring an additional 530,664 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after buying an additional 376,684 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Taboola.com by 13.1% in the first quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company’s stock worth $8,476,000 after purchasing an additional 332,660 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of Taboola.com during the 1st quarter worth approximately $944,000. Finally, Yelin Lapidot Holdings Management Ltd. grew its position in Taboola.com by 46.1% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 768,731 shares of the company’s stock worth $2,814,000 after acquiring an additional 242,718 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Insiders Place Their Bets

In related news, COO Eldad Maniv sold 414,816 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the completion of the sale, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of Taboola.com stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $3.67, for a total value of $23,442,668.16. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 6,812,509 shares of company stock worth $25,048,341. 22.40% of the stock is owned by insiders.

Taboola.com Stock Up 3.2%

TBLA stock opened at $4.18 on Wednesday. The firm’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.20 billion, a PE ratio of 52.26 and a beta of 1.30. Taboola.com Ltd. has a one year low of $2.50 and a one year high of $4.30.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The firm had revenue of $496.76 million for the quarter, compared to analyst estimates of $465.57 million. Taboola.com had a return on equity of 8.12% and a net margin of 1.34%.The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TBLA shares. Wall Street Zen upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. BTIG Research started coverage on shares of Taboola.com in a report on Tuesday, October 7th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

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.