Empowered Funds LLC Acquires 530,664 Shares of Taboola.com Ltd. $TBLA

Empowered Funds LLC boosted its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 73.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,253,648 shares of the company’s stock after acquiring an additional 530,664 shares during the quarter. Empowered Funds LLC owned approximately 0.47% of Taboola.com worth $4,588,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC raised its position in Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after purchasing an additional 4,502 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Taboola.com during the second quarter valued at $37,000. Pallas Capital Advisors LLC bought a new position in Taboola.com in the second quarter valued at about $41,000. Baird Financial Group Inc. bought a new position in Taboola.com in the first quarter valued at about $59,000. Finally, PFG Investments LLC acquired a new stake in Taboola.com in the second quarter worth about $66,000. 42.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TBLA has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. B. Riley increased their target price on Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. BTIG Research started coverage on Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating for the company. Finally, Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Insider Activity at Taboola.com

In related news, Director Nechemia Jacob Peres sold 6,387,648 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.67, for a total value of $23,442,668.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erez Shachar sold 27,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the sale, the director owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,839,509 shares of company stock valued at $25,139,601. 24.70% of the stock is owned by corporate insiders.

Taboola.com Stock Up 0.8%

Taboola.com stock opened at $3.96 on Friday. The company has a 50 day moving average of $3.51 and a 200-day moving average of $3.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. Taboola.com Ltd. has a twelve month low of $2.50 and a twelve month high of $4.30. The stock has a market capitalization of $1.14 billion, a PE ratio of 49.51 and a beta of 1.27.

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.