Taboola.com Ltd. (NASDAQ:TBLA) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,860 shares of the company’s stock after selling 5,293 shares during the quarter. Van ECK Associates Corp’s holdings in Taboola.com were worth $244,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Meitav Investment House Ltd. boosted its stake in shares of Taboola.com by 11.3% in the third 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. ARK Investment Management LLC raised its holdings in shares of Taboola.com by 9.2% during the third quarter. ARK Investment Management LLC now owns 594,590 shares of the company’s stock worth $1,998,000 after purchasing an additional 50,256 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Taboola.com by 11.6% in 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 period. Aigen Investment Management LP acquired a new stake in shares of Taboola.com in the 3rd quarter worth about $63,000. Finally, Intellectus Partners LLC increased its holdings in shares of Taboola.com by 4.5% in the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock worth $1,235,000 after acquiring an additional 16,000 shares during the period. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Price Performance

NASDAQ TBLA opened at $3.71 on Monday. The company has a 50 day simple moving average of $3.77 and a 200-day simple moving average of $3.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -37.10 and a beta of 1.27. Taboola.com Ltd. has a 52-week low of $2.87 and a 52-week high of $4.96.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TBLA. JMP Securities decreased their target price on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 27th. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research report on Friday, January 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.