Taboola.com Ltd. $TBLA Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lowered its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,112 shares of the company’s stock after selling 25,006 shares during the period. Levin Capital Strategies L.P. owned about 0.07% of Taboola.com worth $853,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TBLA. CWM LLC grew its stake in shares of Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after purchasing an additional 4,502 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Taboola.com in the 2nd quarter worth approximately $37,000. Pallas Capital Advisors LLC acquired a new position in shares of Taboola.com in the 2nd quarter worth approximately $41,000. Baird Financial Group Inc. acquired a new position in shares of Taboola.com in the 1st quarter worth approximately $59,000. Finally, PFG Investments LLC acquired a new position in shares of Taboola.com in the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Stock Performance

Taboola.com stock opened at $3.50 on Tuesday. The firm’s 50 day simple moving average is $3.36 and its 200-day simple moving average is $3.39. The company has a market cap of $926.45 million, a P/E ratio of 87.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30.

Analyst Upgrades and Downgrades

Several research analysts have commented on TBLA shares. B. Riley raised their target price on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. BTIG Research began coverage on shares of Taboola.com in a research report on Tuesday, October 7th. They issued a “neutral” rating on the stock. Finally, Wall Street Zen downgraded shares of Taboola.com from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Insider Activity at Taboola.com

In related news, Director Erez Shachar sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the sale, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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.