PDT Partners LLC Boosts Stake in Taboola.com Ltd. (NASDAQ:TBLA)

PDT Partners LLC grew its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 53.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,438 shares of the company’s stock after acquiring an additional 68,862 shares during the quarter. PDT Partners LLC’s holdings in Taboola.com were worth $724,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TBLA. State Street Corp raised its holdings in Taboola.com by 5.5% in the 3rd quarter. State Street Corp now owns 305,350 shares of the company’s stock valued at $1,026,000 after acquiring an additional 16,055 shares during the last quarter. Jane Street Group LLC grew its position in shares of Taboola.com by 698.2% in the third quarter. Jane Street Group LLC now owns 93,353 shares of the company’s stock valued at $314,000 after purchasing an additional 81,658 shares during the period. Barclays PLC increased its stake in Taboola.com by 1,218.5% in the third quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after purchasing an additional 33,668 shares during the last quarter. Tidal Investments LLC boosted its stake in Taboola.com by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after buying an additional 8,127 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Taboola.com by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock valued at $2,443,000 after buying an additional 257,009 shares during the period. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analyst Upgrades and Downgrades

TBLA has been the topic of several recent analyst reports. Citizens Jmp lowered shares of Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. B. Riley lowered shares of Taboola.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $5.00 to $4.00 in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $4.00 price objective on shares of Taboola.com in a report on Thursday, March 27th. Benchmark reaffirmed a “buy” rating and issued a $4.50 target price on shares of Taboola.com in a research report on Thursday, March 27th. Finally, JMP Securities lowered their price target on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.38.

Insider Buying and Selling at Taboola.com

In other news, Director Zvi Limon acquired 168,506 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $2.93 per share, for a total transaction of $493,722.58. Following the completion of the purchase, the director now directly owns 2,987,383 shares of the company’s stock, valued at approximately $8,753,032.19. This trade represents a 5.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Singolda bought 60,229 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the purchase, the chief executive officer now directly owns 14,462,943 shares of the company’s stock, valued at approximately $39,339,204.96. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. 22.40% of the stock is currently owned by corporate insiders.

Taboola.com Stock Performance

Shares of TBLA stock opened at $3.03 on Friday. The company’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.41. 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 Ltd. has a 52 week low of $2.50 and a 52 week high of $4.60. The company has a market cap of $893.30 million, a PE ratio of -30.30 and a beta of 1.21.

Taboola.com declared that its board has approved a stock buyback program on Wednesday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 22.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.