Jane Street Group LLC Has $314,000 Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Jane Street Group LLC lifted its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 698.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,353 shares of the company’s stock after acquiring an additional 81,658 shares during the quarter. Jane Street Group LLC’s holdings in Taboola.com were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC lifted its holdings in Taboola.com by 74.5% in the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after buying an additional 4,100 shares during the period. Meitav Investment House Ltd. lifted its holdings in shares of Taboola.com by 11.3% in the 3rd quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock worth $242,000 after purchasing an additional 7,000 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Taboola.com by 22.2% in the 2nd quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after purchasing an additional 8,262 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Taboola.com in the 2nd quarter valued at $47,000. Finally, XTX Topco Ltd increased its stake in Taboola.com by 104.3% during the 2nd quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after purchasing an additional 15,401 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TBLA shares. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Wednesday, December 18th. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com presently has a consensus rating of “Buy” and a consensus price target of $5.31.

Insider Transactions at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the sale, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.40% of the company’s stock.

Taboola.com Price Performance

Shares of Taboola.com stock opened at $3.64 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.06 billion, a PE ratio of -36.40 and a beta of 1.26. Taboola.com Ltd. has a 12-month low of $2.87 and a 12-month high of $5.00. The company’s fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $3.45.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same period in the prior year, the company posted ($0.02) EPS.

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.