Congress Wealth Management LLC DE Cuts Stake in Criteo S.A. (NASDAQ:CRTO)

Congress Wealth Management LLC DE lessened its stake in Criteo S.A. (NASDAQ:CRTO) by 23.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,598 shares of the information services provider’s stock after selling 39,955 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.24% of Criteo worth $5,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC lifted its stake in Criteo by 15.1% in the 4th quarter. LPL Financial LLC now owns 19,235 shares of the information services provider’s stock worth $761,000 after purchasing an additional 2,527 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Criteo by 36.6% during the 4th quarter. Sei Investments Co. now owns 162,526 shares of the information services provider’s stock worth $6,430,000 after acquiring an additional 43,576 shares in the last quarter. Royce & Associates LP boosted its position in shares of Criteo by 19.8% during the 4th quarter. Royce & Associates LP now owns 353,213 shares of the information services provider’s stock valued at $13,973,000 after acquiring an additional 58,460 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Criteo by 41,776.0% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock valued at $39,348,000 after purchasing an additional 992,180 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Criteo by 27.1% in the fourth quarter. HighTower Advisors LLC now owns 182,578 shares of the information services provider’s stock worth $7,223,000 after purchasing an additional 38,924 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Insider Activity

In other Criteo news, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares in the company, valued at approximately $5,223,090.88. This represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock worth $1,124,213 over the last 90 days. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company upped their price objective on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley increased their price target on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets raised their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Stock Up 1.2 %

NASDAQ:CRTO opened at $37.65 on Wednesday. The firm has a 50 day moving average of $39.18 and a 200 day moving average of $39.87. Criteo S.A. has a 52 week low of $33.15 and a 52 week high of $49.93. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.41 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. As a group, analysts expect that Criteo S.A. will post 3.09 EPS for the current year.

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.