Taboola.com Ltd. $TBLA Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC reduced its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 65.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 407,599 shares of the company’s stock after selling 770,415 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Taboola.com were worth $1,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TBLA. Arrowstreet Capital Limited Partnership grew its holdings in shares of Taboola.com by 412.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after acquiring an additional 2,505,249 shares during the period. Bridgeway Capital Management LLC grew its holdings in Taboola.com by 36.1% in the second quarter. Bridgeway Capital Management LLC now owns 2,141,148 shares of the company’s stock valued at $7,837,000 after purchasing an additional 568,164 shares during the last quarter. Empowered Funds LLC grew its holdings in Taboola.com by 73.4% in the second quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock valued at $4,588,000 after purchasing an additional 530,664 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Taboola.com by 89.1% in the second quarter. Lazard Asset Management LLC now owns 803,625 shares of the company’s stock valued at $2,941,000 after buying an additional 378,663 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Taboola.com by 60.6% during the 1st 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 during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Stock Performance

Shares of NASDAQ TBLA opened at $3.74 on Thursday. The company has a 50-day simple moving average of $4.16 and a 200-day simple moving average of $3.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $1.08 billion, a PE ratio of 46.76 and a beta of 1.29. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.65.

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

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Nechemia Jacob Peres sold 6,387,648 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $3.67, for a total transaction of $23,442,668.16. The sale was disclosed in a document filed with the SEC, which is available at this link. 24.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TBLA has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Rosenblatt Securities initiated coverage on shares of Taboola.com in a report on Friday, December 19th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.75.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.