Taboola.com Ltd. (NASDAQ:TBLA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 54.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 727,181 shares of the company’s stock after buying an additional 257,009 shares during the period. JPMorgan Chase & Co. owned about 0.25% of Taboola.com worth $2,443,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TBLA. nVerses Capital LLC boosted its stake in Taboola.com by 74.5% in the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after acquiring an additional 4,100 shares during the period. 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 valued at $242,000 after purchasing an additional 7,000 shares during the period. Tidal Investments LLC grew its stake in Taboola.com by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after buying an additional 8,127 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Taboola.com in the second quarter worth $47,000. Finally, XTX Topco Ltd lifted its stake in Taboola.com by 104.3% in the second quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after buying an additional 15,401 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.40% of the stock is owned by corporate insiders.

Taboola.com Price Performance

Shares of TBLA opened at $3.58 on Tuesday. Taboola.com Ltd. has a one year low of $2.87 and a one year high of $5.00. The stock’s fifty day moving average is $3.69 and its 200-day moving average is $3.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -35.80 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $433.10 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted ($0.02) EPS.

Analyst Ratings Changes

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

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.