Barclays PLC Acquires 33,668 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Barclays PLC raised its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 1,218.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,431 shares of the company’s stock after acquiring an additional 33,668 shares during the period. Barclays PLC’s holdings in Taboola.com were worth $122,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TBLA. Millennium Management LLC grew its holdings in shares of Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after purchasing an additional 327,518 shares during the last quarter. Algert Global LLC bought a new stake in shares of Taboola.com during the second quarter worth $1,020,000. Empowered Funds LLC acquired a new position in shares of Taboola.com during the third quarter worth $337,000. American Century Companies Inc. lifted its stake in shares of Taboola.com by 352.1% in the 2nd quarter. American Century Companies Inc. now owns 126,554 shares of the company’s stock valued at $435,000 after acquiring an additional 98,562 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Taboola.com by 11.6% during the 3rd quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock valued at $2,737,000 after acquiring an additional 84,382 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analyst Ratings Changes

TBLA has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Friday, January 17th. Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a report on Monday, October 7th.

Taboola.com Stock Down 1.1 %

Shares of TBLA opened at $3.59 on Friday. The stock’s 50-day moving average price is $3.71 and its two-hundred day moving average price is $3.46. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00. The company has a market capitalization of $1.05 billion, a PE ratio of -35.90 and a beta of 1.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Insider Activity

In other news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.