Levin Capital Strategies L.P. Has $853,000 Position in Taboola.com Ltd. $TBLA

Levin Capital Strategies L.P. reduced its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 233,112 shares of the company’s stock after selling 25,006 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Taboola.com were worth $853,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Taboola.com by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company’s stock valued at $122,000 after acquiring an additional 5,829 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Taboola.com by 13.1% in the first quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company’s stock valued at $8,476,000 after acquiring an additional 332,660 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Taboola.com in the second quarter valued at approximately $41,000. Bridgeway Capital Management LLC lifted its stake in Taboola.com by 15.5% in the first quarter. Bridgeway Capital Management LLC now owns 1,572,984 shares of the company’s stock valued at $4,640,000 after acquiring an additional 210,562 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Taboola.com by 42.7% in the first quarter. American Century Companies Inc. now owns 344,092 shares of the company’s stock valued at $1,015,000 after acquiring an additional 102,982 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Price Performance

Shares of Taboola.com stock opened at $3.50 on Tuesday. The firm has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $3.39. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.30. The stock has a market capitalization of $926.45 million, a price-to-earnings ratio of 87.50 and a beta of 1.27.

Insider Buying and Selling at Taboola.com

In other news, Director Erez Shachar sold 27,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the sale, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

TBLA has been the subject of a number of analyst reports. B. Riley lifted their target price on shares of Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. BTIG Research initiated coverage on shares of Taboola.com in a research note on Tuesday, October 7th. They issued a “neutral” rating for the company. Finally, Wall Street Zen cut shares of Taboola.com from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.