301,500 Shares in Taboola.com Ltd. $TBLA Bought by AlpInvest Partners B.V.

AlpInvest Partners B.V. bought a new stake in Taboola.com Ltd. (NASDAQ:TBLA) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 301,500 shares of the company’s stock, valued at approximately $1,028,000. Taboola.com makes up about 2.6% of AlpInvest Partners B.V.’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Taboola.com by 412.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after acquiring an additional 2,505,249 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Taboola.com by 1.8% during the second quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company’s stock worth $10,712,000 after purchasing an additional 52,791 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Taboola.com by 36.1% in the second quarter. Bridgeway Capital Management LLC now owns 2,141,148 shares of the company’s stock valued at $7,837,000 after purchasing an additional 568,164 shares in the last quarter. Bank of America Corp DE increased its stake in Taboola.com by 17.6% in the second quarter. Bank of America Corp DE now owns 1,986,016 shares of the company’s stock valued at $7,269,000 after purchasing an additional 297,362 shares during the last quarter. Finally, LSV Asset Management increased its stake in Taboola.com by 2,001.4% in the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,889,168 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Down 0.3%

Shares of NASDAQ:TBLA opened at $3.30 on Thursday. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $951.13 million, a P/E ratio of 41.26 and a beta of 1.29. The firm has a fifty day moving average price of $4.04 and a 200 day moving average price of $3.70.

Analyst Ratings Changes

TBLA has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Rosenblatt Securities initiated coverage on shares of Taboola.com in a research report on Friday, December 19th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.75.

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.