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

River Global Investors LLP trimmed its position in shares of Criteo S.A. (NASDAQ:CRTO) by 45.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Criteo during the 3rd quarter worth approximately $50,000. Palumbo Wealth Management LLC purchased a new stake in shares of Criteo in the fourth quarter valued at approximately $208,000. Assetmark Inc. grew its holdings in Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after acquiring an additional 424 shares during the period. Blue Trust Inc. raised its position in Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock worth $226,000 after acquiring an additional 1,916 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 3,135 shares of the company’s 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 completion of the transaction, the insider now owns 139,085 shares of the company’s stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,156 shares of company stock valued at $1,243,028 over the last 90 days. Insiders own 1.71% of the company’s stock.

Criteo Stock Performance

Criteo stock opened at $36.66 on Friday. Criteo S.A. has a fifty-two week low of $32.71 and a fifty-two week high of $49.93. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.82 and a beta of 1.05. The stock has a fifty day moving average of $39.99 and a two-hundred day moving average of $40.99.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRTO. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. DA Davidson lifted their price target on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their price target on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and an average price target of $52.90.

Criteo Company 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.