Levin Capital Strategies L.P. Has $2.10 Million Stock Position in Taboola.com Ltd. (NASDAQ:TBLA)

Levin Capital Strategies L.P. lessened its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 30.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 610,736 shares of the company’s stock after selling 273,368 shares during the quarter. Levin Capital Strategies L.P. owned approximately 0.21% of Taboola.com worth $2,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TBLA. GSA Capital Partners LLP boosted its holdings in shares of Taboola.com by 292.4% during the 4th quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after buying an additional 490,149 shares during the period. Tidal Investments LLC bought a new stake in shares of Taboola.com during the first quarter worth approximately $806,000. Wellington Management Group LLP grew its position in shares of Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after purchasing an additional 2,859,451 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Taboola.com by 2.7% during the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock worth $2,931,000 after purchasing an additional 17,216 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Taboola.com during the 1st quarter worth approximately $271,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Price Performance

TBLA stock opened at $3.20 on Tuesday. The company’s 50-day moving average price is $3.31 and its two-hundred day moving average price is $3.84. The firm has a market cap of $932.70 million, a P/E ratio of -13.91 and a beta of 1.29. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $428.67 million. During the same period last year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, analysts anticipate that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Activity at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of Taboola.com stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now directly owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TBLA has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Thursday, August 8th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com currently has an average rating of “Buy” and an average target price 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.