Charles Schwab Investment Management Inc. Lowers Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Charles Schwab Investment Management Inc. lowered its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 32.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 470,585 shares of the company’s stock after selling 229,620 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Taboola.com were worth $1,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Taboola.com during the 3rd quarter valued at $337,000. Intellectus Partners LLC grew its holdings in shares of Taboola.com by 4.5% during the third quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock valued at $1,235,000 after buying an additional 16,000 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Taboola.com during the third quarter valued at $63,000. GSA Capital Partners LLP grew its position in Taboola.com by 11.6% in the 3rd quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock worth $2,737,000 after purchasing an additional 84,382 shares during the period. Finally, ARK Investment Management LLC lifted its stake in shares of Taboola.com by 9.2% in the 3rd quarter. ARK Investment Management LLC now owns 594,590 shares of the company’s stock worth $1,998,000 after purchasing an additional 50,256 shares during the period. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Taboola.com has an average rating of “Buy” and an average price target of $5.31.

Taboola.com Price Performance

Shares of TBLA stock opened at $4.05 on Tuesday. The stock’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $3.43. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -40.50 and a beta of 1.29. Taboola.com Ltd. has a fifty-two week low of $2.87 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The business had revenue of $433.10 million for the quarter, compared to analysts’ expectations of $429.43 million. During the same period last year, the business earned ($0.02) EPS.

Insider Buying and Selling

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the sale, the director now owns 70,642 shares of the company’s stock, valued at $223,228.72. The trade was a 77.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.40% of the stock is currently owned by insiders.

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.