Geode Capital Management LLC Has $806,000 Position in Taboola.com Ltd. (NASDAQ:TBLA)

Geode Capital Management LLC decreased its position in Taboola.com Ltd. (NASDAQ:TBLA) by 21.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 239,980 shares of the company’s stock after selling 66,223 shares during the period. Geode Capital Management LLC’s holdings in Taboola.com were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. nVerses Capital LLC increased its position in shares of Taboola.com by 74.5% during the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after purchasing an additional 4,100 shares during the period. Point72 Asset Management L.P. acquired a new stake in Taboola.com during the second quarter worth $47,000. Aigen Investment Management LP bought a new stake in Taboola.com in the 3rd quarter valued at $63,000. EverSource Wealth Advisors LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at $69,000. Finally, XTX Topco Ltd lifted its holdings in shares of Taboola.com by 104.3% during the 2nd quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock worth $104,000 after acquiring an additional 15,401 shares during the period. Institutional investors own 42.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TBLA shares. Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $5.31.

Insider Buying and Selling

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

Taboola.com Stock Down 2.7 %

Shares of TBLA opened at $3.54 on Friday. The business’s fifty day moving average price is $3.66 and its two-hundred day moving average price is $3.45. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -35.40 and a beta of 1.26. Taboola.com Ltd. has a 52 week low of $2.87 and a 52 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 posted its quarterly 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). The firm had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same quarter in the prior year, the business earned ($0.02) EPS.

Taboola.com Company 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.