Criteo S.A. (NASDAQ:CRTO) Shares Sold by River Global Investors LLP

River Global Investors LLP lessened its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 5.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 69,691 shares of the information services provider’s stock after selling 4,078 shares during the period. River Global Investors LLP’s holdings in Criteo were worth $1,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CRTO. CenterBook Partners LP grew its stake in Criteo by 6.0% in the third quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock worth $392,000 after purchasing an additional 766 shares in the last quarter. Citigroup Inc. bought a new position in Criteo during the 3rd quarter worth approximately $33,000. Robeco Institutional Asset Management B.V. grew its position in shares of Criteo by 13.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,528 shares of the information services provider’s stock worth $307,000 after acquiring an additional 1,248 shares in the last quarter. Black Creek Investment Management Inc. increased its holdings in shares of Criteo by 5.3% in the 3rd quarter. Black Creek Investment Management Inc. now owns 39,733 shares of the information services provider’s stock valued at $1,160,000 after acquiring an additional 2,000 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its position in shares of Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after acquiring an additional 4,500 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRTO shares. KeyCorp lifted their price objective on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday. TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. BMO Capital Markets raised their target price on shares of Criteo from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $41.00 in a research report on Thursday, February 8th. Finally, Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Criteo in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and a consensus target price of $37.11.

Criteo Price Performance

Shares of Criteo stock traded up $0.62 on Friday, hitting $37.77. The company had a trading volume of 209,207 shares, compared to its average volume of 289,190. Criteo S.A. has a 52 week low of $22.10 and a 52 week high of $39.54. The company has a market cap of $2.12 billion, a PE ratio of 38.94 and a beta of 0.95. The business has a 50-day simple moving average of $34.77 and a 200-day simple moving average of $29.14.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.30. Criteo had a return on equity of 12.35% and a net margin of 2.96%. The company had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. On average, equities research analysts predict that Criteo S.A. will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at approximately $11,584,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Megan Clarken sold 5,485 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total value of $191,975.00. Following the completion of the transaction, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now directly owns 327,232 shares in the company, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 88,607 shares of company stock valued at $2,932,315 over the last three months. Company insiders own 1.10% of the company’s stock.

Criteo Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.