Meitav Investment House Ltd. Boosts Stake in Taboola.com Ltd. (NASDAQ:TBLA)

Meitav Investment House Ltd. lifted its position in Taboola.com Ltd. (NASDAQ:TBLA) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,500 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Meitav Investment House Ltd.’s holdings in Taboola.com were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in Taboola.com by 410.5% in the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock valued at $1,870,000 after buying an additional 412,042 shares during the last quarter. JPMorgan Chase & Co. raised its position in Taboola.com by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock valued at $2,443,000 after purchasing an additional 257,009 shares during the last quarter. GSA Capital Partners LLP raised its position in Taboola.com by 11.6% in the 3rd quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock valued at $2,737,000 after purchasing an additional 84,382 shares during the last quarter. Jane Street Group LLC boosted its stake in Taboola.com by 698.2% during the 3rd quarter. Jane Street Group LLC now owns 93,353 shares of the company’s stock worth $314,000 after purchasing an additional 81,658 shares during the period. Finally, Point72 Asset Management L.P. grew its position in Taboola.com by 529.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company’s stock worth $291,000 after purchasing an additional 72,849 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Down 2.6 %

Shares of Taboola.com stock opened at $3.74 on Friday. The company has a market cap of $1.09 billion, a P/E ratio of -37.40 and a beta of 1.27. The firm has a fifty day moving average of $3.77 and a two-hundred day moving average of $3.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com Ltd. has a one year low of $2.87 and a one year high of $4.96.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a report on Friday, January 17th. JMP Securities reduced their price objective on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research note on Monday, January 27th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Taboola.com has a consensus rating of “Buy” and a consensus price target of $5.25.

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.