Hsbc Holdings PLC Takes Position in Taboola.com Ltd. $TBLA

Hsbc Holdings PLC bought a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 191,474 shares of the company’s stock, valued at approximately $887,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBLA. LPL Financial LLC increased its position in Taboola.com by 25.8% in the 4th quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock valued at $130,000 after buying an additional 5,814 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Taboola.com by 51.1% in the fourth quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock worth $81,000 after acquiring an additional 5,944 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Taboola.com by 20.1% in the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after acquiring an additional 8,500 shares during the period. CWM LLC grew its stake in Taboola.com by 25.5% in the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock valued at $194,000 after acquiring an additional 8,558 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Taboola.com by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock valued at $273,000 after acquiring an additional 8,886 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taboola.com

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value of $52,800,000.00. Following the sale, the insider owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.60% of the stock is owned by corporate insiders.

Taboola.com Price Performance

Shares of NASDAQ TBLA opened at $5.49 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $4.96 and a two-hundred day simple moving average of $4.10. Taboola.com Ltd. has a 1-year low of $2.84 and a 1-year high of $5.71. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 14.45 and a beta of 1.50.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company had revenue of $466.39 million for the quarter, compared to analyst estimates of $453.30 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Taboola.com Ltd. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on TBLA shares. Benchmark boosted their price target on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Needham & Company LLC boosted their target price on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Taboola.com 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.