River Global Investors LLP Cuts Stock Position in Criteo S.A. (NASDAQ:CRTO)

River Global Investors LLP decreased its holdings in Criteo S.A. (NASDAQ:CRTO) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,060 shares of the information services provider’s stock after selling 21,545 shares during the quarter. River Global Investors LLP’s holdings in Criteo were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Senvest Management LLC raised its stake in shares of Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after acquiring an additional 475,530 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in Criteo by 230.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after purchasing an additional 1,756,507 shares during the period. Lord Abbett & CO. LLC raised its position in Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after purchasing an additional 547,718 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Criteo by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after buying an additional 103,593 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Criteo by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after buying an additional 80,424 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Activity

In other Criteo news, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the sale, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,156 shares of company stock valued at $1,243,028 in the last ninety days. 1.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRTO has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 target price (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. BMO Capital Markets raised their price target on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.90.

Criteo Stock Performance

CRTO opened at $36.66 on Friday. Criteo S.A. has a one year low of $32.71 and a one year high of $49.93. The stock has a market capitalization of $2.12 billion, a P/E ratio of 21.82 and a beta of 1.05. The business’s 50-day simple moving average is $39.99 and its 200-day simple moving average is $40.99.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, equities research analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

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.