Migdal Insurance & Financial Holdings Ltd. Has $19.53 Million Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Migdal Insurance & Financial Holdings Ltd. decreased its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,349,179 shares of the company’s stock after selling 365,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taboola.com were worth $19,525,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Squarepoint Ops LLC increased its stake in Taboola.com by 188.2% during the 2nd quarter. Squarepoint Ops LLC now owns 123,951 shares of the company’s stock valued at $426,000 after purchasing an additional 80,941 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Taboola.com by 11.6% during the second quarter. AQR Capital Management LLC now owns 271,401 shares of the company’s stock valued at $934,000 after buying an additional 28,161 shares during the period. Millennium Management LLC increased its position in shares of Taboola.com by 32.3% during the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the period. nVerses Capital LLC increased its position in shares of Taboola.com by 74.5% in the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its position in shares of Taboola.com by 11.3% in the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock worth $242,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JMP Securities cut their target price on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research note on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $5.25.

Taboola.com Stock Performance

TBLA opened at $3.91 on Friday. Taboola.com Ltd. has a 12-month low of $2.87 and a 12-month 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. The stock has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.49.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The company had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share.

Insider Activity

In related news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total value of $790,000.00. Following the completion of the sale, the director now directly owns 70,642 shares in the company, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.