River Global Investors LLP Lowers Position in Taboola.com Ltd. (NASDAQ:TBLA)

River Global Investors LLP lowered its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 40.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,687 shares of the company’s stock after selling 81,922 shares during the period. River Global Investors LLP’s holdings in Taboola.com were worth $434,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Aigen Investment Management LP bought a new position in shares of Taboola.com during the 3rd quarter valued at about $63,000. R Squared Ltd bought a new position in Taboola.com during the 4th quarter worth approximately $68,000. Harbor Capital Advisors Inc. grew its position in Taboola.com by 22.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after acquiring an additional 6,094 shares during the last quarter. Quantbot Technologies LP bought a new position in Taboola.com during the 3rd quarter worth approximately $116,000. Finally, Barclays PLC grew its position in Taboola.com by 1,218.5% during the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock worth $122,000 after acquiring an additional 33,668 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TBLA shares. Citizens Jmp lowered Taboola.com from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Needham & Company LLC cut their price objective on Taboola.com from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Oppenheimer reiterated a “market perform” rating on shares of Taboola.com in a research report on Wednesday, February 26th. JMP Securities cut their price objective on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 27th. Finally, B. Riley lowered Taboola.com from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $5.00 to $4.00 in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Taboola.com presently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Insider Activity

In other news, Director Zvi Limon bought 168,506 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $2.93 per share, for a total transaction of $493,722.58. Following the purchase, the director now directly owns 2,987,383 shares in the company, valued at $8,753,032.19. This trade represents a 5.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Singolda bought 60,229 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $2.72 per share, with a total value of $163,822.88. Following the purchase, the chief executive officer now owns 14,462,943 shares in the company, valued at $39,339,204.96. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is currently owned by company insiders.

Taboola.com Trading Down 0.4 %

TBLA opened at $2.84 on Friday. The stock has a market cap of $836.85 million, a PE ratio of -28.40 and a beta of 1.33. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $3.60 and a 200-day moving average of $3.53. Taboola.com Ltd. has a 52 week low of $2.69 and a 52 week high of $4.66.

Taboola.com declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 22.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.