Migdal Insurance & Financial Holdings Ltd. Sells 365,000 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,349,179 shares of the company’s stock after selling 365,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 1.83% of Taboola.com worth $19,525,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Taboola.com during the fourth quarter valued at about $68,000. Harbor Capital Advisors Inc. increased its stake in Taboola.com by 22.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock valued at $121,000 after acquiring an additional 6,094 shares during the period. JPMorgan Chase & Co. increased its stake in Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock valued at $2,443,000 after acquiring an additional 257,009 shares during the period. Tidal Investments LLC increased its stake in Taboola.com by 4.6% during the third quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock valued at $618,000 after acquiring an additional 8,127 shares during the period. Finally, Barclays PLC increased its stake in Taboola.com by 1,218.5% during the third quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after acquiring an additional 33,668 shares during the period. 42.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TBLA shares. JMP Securities decreased their price objective on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $5.25.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $3.91 on Friday. The firm has a fifty day moving average of $3.78 and a two-hundred day moving average of $3.49. Taboola.com Ltd. has a 52 week low of $2.87 and a 52 week high of $4.96. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same quarter in the prior year, the company earned ($0.02) EPS.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, the director now directly owns 70,642 shares of the company’s stock, valued at $223,228.72. This represents a 77.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.40% of the company’s stock.

Taboola.com Company 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.