Empowered Funds LLC Has $1.87 Million Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Empowered Funds LLC grew its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 410.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 512,422 shares of the company’s stock after acquiring an additional 412,042 shares during the quarter. Empowered Funds LLC owned 0.18% of Taboola.com worth $1,870,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TBLA. nVerses Capital LLC boosted its position in Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after acquiring an additional 4,100 shares during the last quarter. Meitav Investment House Ltd. boosted its position in Taboola.com by 11.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock worth $242,000 after acquiring an additional 7,000 shares during the last quarter. ARK Investment Management LLC boosted its position in Taboola.com by 9.2% during the 3rd quarter. ARK Investment Management LLC now owns 594,590 shares of the company’s stock worth $1,998,000 after acquiring an additional 50,256 shares during the last quarter. GSA Capital Partners LLP boosted its position in Taboola.com by 11.6% during the 3rd quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock worth $2,737,000 after acquiring an additional 84,382 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Taboola.com during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Activity at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total value of $790,000.00. Following the sale, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This represents a 77.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.40% of the stock is owned by company insiders.

Taboola.com Stock Down 1.3 %

TBLA opened at $3.95 on Friday. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $4.96. The stock’s fifty day simple moving average is $3.79 and its 200 day simple moving average is $3.52. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.15 billion, a PE ratio of -39.50 and a beta of 1.27.

Analyst Upgrades and Downgrades

TBLA has been the topic of a number of analyst reports. JMP Securities dropped their price objective on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research note on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $5.25.

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.