Taboola.com Ltd. (NASDAQ:TBLA) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. decreased its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,490 shares of the company’s stock after selling 27,099 shares during the quarter. Levin Capital Strategies L.P. owned 0.09% of Taboola.com worth $1,132,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in Taboola.com by 32.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 211,045 shares of the company’s stock valued at $800,000 after buying an additional 51,336 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Taboola.com by 24.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after buying an additional 4,030 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in Taboola.com by 9.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,343,235 shares of the company’s stock valued at $12,671,000 after buying an additional 280,000 shares during the last quarter. Intellectus Partners LLC increased its position in shares of Taboola.com by 3.3% during the third quarter. Intellectus Partners LLC now owns 298,018 shares of the company’s stock valued at $1,129,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Taboola.com in the 3rd quarter worth approximately $145,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

Shares of TBLA stock traded up $0.14 during trading hours on Thursday, hitting $4.42. The stock had a trading volume of 552,060 shares, compared to its average volume of 1,331,132. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $1.30 billion, a PE ratio of -18.42 and a beta of 1.35. The stock’s 50 day moving average is $4.31 and its 200 day moving average is $4.15. Taboola.com Ltd. has a twelve month low of $2.16 and a twelve month high of $5.00.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. As a group, research analysts forecast that Taboola.com Ltd. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TBLA shares. B. Riley reiterated a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a report on Wednesday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a research note on Thursday, March 28th. TheStreet upgraded shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Finally, Oppenheimer lifted their price objective on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $5.79.

Insider Activity

In other news, CTO Lior Golan sold 10,187 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $4.86, for a total value of $49,508.82. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.49% of the company’s stock.

About Taboola.com

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.