Yarra Square Partners LP Raises Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Yarra Square Partners LP lifted its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,113,858 shares of the company’s stock after buying an additional 64,373 shares during the period. Taboola.com comprises 3.5% of Yarra Square Partners LP’s investment portfolio, making the stock its 15th biggest holding. Yarra Square Partners LP owned approximately 0.38% of Taboola.com worth $3,832,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of Taboola.com by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after buying an additional 2,859,451 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Taboola.com by 181.2% during the 2nd quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after buying an additional 1,216,902 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Taboola.com by 38.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock worth $4,751,000 after buying an additional 297,411 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in shares of Taboola.com by 238.1% during the 1st quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after buying an additional 622,614 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Taboola.com by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock worth $2,630,000 after buying an additional 30,500 shares in the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.40% of the stock is owned by insiders.

Taboola.com Stock Performance

NASDAQ TBLA opened at $3.25 on Friday. The business has a 50 day moving average price of $3.30 and a 200 day moving average price of $3.77. The company has a market capitalization of $944.89 million, a P/E ratio of -14.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $428.67 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. Taboola.com’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. Sell-side analysts expect that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Thursday, August 8th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $5.56.

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.