Checchi Capital Advisers LLC Reduces Position in Taboola.com Ltd. $TBLA

Checchi Capital Advisers LLC trimmed its position in Taboola.com Ltd. (NASDAQ:TBLA) by 65.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,599 shares of the company’s stock after selling 770,415 shares during the quarter. Checchi Capital Advisers LLC owned approximately 0.15% of Taboola.com worth $1,390,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TBLA. Baird Financial Group Inc. acquired a new stake in Taboola.com in the first quarter valued at $59,000. AQR Capital Management LLC lifted its stake in Taboola.com by 60.6% during the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after purchasing an additional 376,684 shares during the last quarter. Empowered Funds LLC increased its stake in Taboola.com by 41.1% in the first quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after purchasing an additional 210,562 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Taboola.com by 34.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 55,590 shares of the company’s stock worth $205,000 after purchasing an additional 14,290 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Taboola.com during the 2nd quarter worth approximately $66,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Taboola.com stock opened at $3.74 on Thursday. 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 business has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $3.70. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.65. The stock has a market capitalization of $1.08 billion, a PE ratio of 46.76 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The firm had revenue of $496.76 million during the quarter, compared to analyst estimates of $465.57 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year.

Insider Transactions at Taboola.com

In other news, Director Nechemia Jacob Peres sold 6,387,648 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $3.67, for a total value of $23,442,668.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 24.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities started 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. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Taboola.com currently has an average rating of “Moderate Buy” and an average 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.