Cathie Wood’s Latest Portfolio: 5 Stocks Under $10

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1. Taboola.com Ltd. (NASDAQ:TBLA)

Number of Hedge Fund Holders: 25    

Share Price as of May 16: $3.35 

Taboola.com Ltd. (NASDAQ:TBLA) owns and runs an artificial intelligence-based algorithmic engine platform. Latest data shows that ARK owned 423,119 shares of Taboola.com Ltd. (NASDAQ:TBLA) at the end of the first quarter of 2022, worth $2.1 million. The firm is a new addition to the portfolio compared to fourth quarter filings. Taboola recently posted earnings for the first quarter of 2022, beating market expectations on earnings per share by $0.025 and reporting a 17% year-on-year increase in revenue. 

On March 31, Susquehanna analyst Shyam Patil maintained a Positive rating on Taboola.com Ltd. (NASDAQ:TBLA) stock with a price target of $10, noting that new engagement initiatives of the firm would provide fuel for growth in the coming months. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Taboola.com Ltd. (NASDAQ:TBLA), with 423,119 shares worth more than $2.1 million.  

You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.

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