XTX Topco Ltd Buys 15,401 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

XTX Topco Ltd boosted its position in Taboola.com Ltd. (NASDAQ:TBLA) by 104.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,170 shares of the company’s stock after purchasing an additional 15,401 shares during the period. XTX Topco Ltd’s holdings in Taboola.com were worth $104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Taboola.com by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after acquiring an additional 2,859,451 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after purchasing an additional 1,216,902 shares in the last quarter. Yarra Square Partners LP lifted its stake in shares of Taboola.com by 6.6% during the 1st quarter. Yarra Square Partners LP now owns 1,049,485 shares of the company’s stock valued at $4,660,000 after buying an additional 65,000 shares in the last quarter. Levin Capital Strategies L.P. grew its position in shares of Taboola.com by 238.1% in the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock valued at $3,925,000 after purchasing an additional 622,614 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Taboola.com by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock valued at $2,630,000 after buying an additional 30,500 shares in the last quarter. 42.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on TBLA. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Tuesday, September 24th. Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $5.56.

Taboola.com Stock Down 5.1 %

Shares of NASDAQ:TBLA opened at $3.19 on Wednesday. The firm has a market capitalization of $927.44 million, a PE ratio of -13.87 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com Ltd. has a 52-week low of $2.87 and a 52-week high of $5.00. The firm has a fifty day moving average of $3.28 and a 200 day moving average of $3.71.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $428.67 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The company’s revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. As a group, research analysts anticipate that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the transaction, the director now owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 22.40% of the company’s stock.

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.