Levin Capital Strategies L.P. Has $2.88 Million Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Levin Capital Strategies L.P. lessened its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 789,524 shares of the company’s stock after selling 13,514 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Taboola.com were worth $2,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Aigen Investment Management LP bought a new position in Taboola.com in the 3rd quarter worth $63,000. R Squared Ltd bought a new position in Taboola.com in the 4th quarter worth $68,000. Quantbot Technologies LP bought a new position in Taboola.com in the 3rd quarter worth $116,000. Harbor Capital Advisors Inc. raised its holdings in Taboola.com by 22.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after acquiring an additional 6,094 shares during the period. Finally, Barclays PLC raised its holdings in Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock worth $122,000 after acquiring an additional 33,668 shares during the period. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on TBLA shares. Oppenheimer reiterated a “market perform” rating on shares of Taboola.com in a report on Wednesday. Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday. JMP Securities dropped their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a report on Monday, January 27th. B. Riley downgraded shares of Taboola.com from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $5.00 to $4.00 in a report on Thursday. Finally, Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Insider Transactions at Taboola.com

In other Taboola.com news, CEO Adam Singolda bought 60,229 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the purchase, the chief executive officer now directly owns 14,462,943 shares in the company, valued at $39,339,204.96. The trade was a 0.42 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Zvi Limon bought 168,506 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $2.93 per share, for a total transaction of $493,722.58. Following the purchase, the director now owns 2,987,383 shares of the company’s stock, valued at $8,753,032.19. This trade represents a 5.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 22.40% of the company’s stock.

Taboola.com Stock Performance

NASDAQ:TBLA opened at $2.73 on Friday. The firm’s 50-day moving average is $3.70 and its 200-day moving average is $3.54. Taboola.com Ltd. has a 52-week low of $2.69 and a 52-week high of $4.76. 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 company has a market cap of $797.15 million, a price-to-earnings ratio of -27.30 and a beta of 1.27.

Taboola.com announced that its board has authorized a share buyback plan on Wednesday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 22.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.