Geode Capital Management LLC Buys 48,188 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Geode Capital Management LLC boosted its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 288,168 shares of the company’s stock after acquiring an additional 48,188 shares during the period. Geode Capital Management LLC’s holdings in Taboola.com were worth $1,052,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Taboola.com in the fourth quarter valued at approximately $68,000. Virtu Financial LLC bought a new stake in Taboola.com in the fourth quarter valued at approximately $81,000. KLP Kapitalforvaltning AS bought a new stake in Taboola.com in the fourth quarter valued at approximately $109,000. Harbor Capital Advisors Inc. boosted its holdings in Taboola.com by 22.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock valued at $121,000 after acquiring an additional 6,094 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Taboola.com by 1,218.5% in the third quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after acquiring an additional 33,668 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Trading Down 1.3 %

TBLA opened at $2.95 on Thursday. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.60. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $869.72 million, a P/E ratio of -29.50 and a beta of 1.21. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $3.41.

Taboola.com announced that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on TBLA shares. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of Taboola.com in a report on Thursday, March 27th. JMP Securities reduced their price objective 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. Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Benchmark reissued a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research note on Thursday, March 27th. Finally, B. Riley downgraded shares of Taboola.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $5.00 to $4.00 in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.38.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, CEO Adam Singolda bought 60,229 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $2.72 per share, with a total value of $163,822.88. Following the completion of the transaction, the chief executive officer now directly owns 14,462,943 shares in the company, valued at approximately $39,339,204.96. The trade was a 0.42 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Zvi Limon bought 168,506 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the transaction, the director now owns 2,987,383 shares of the company’s stock, valued at $8,753,032.19. This 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.

About Taboola.com

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.