Arrowstreet Capital Limited Partnership Grows Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Arrowstreet Capital Limited Partnership lifted its position in Criteo S.A. (NASDAQ:CRTO) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 697,146 shares of the information services provider’s stock after purchasing an additional 63,379 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Criteo were worth $27,579,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CRTO. Charles Schwab Investment Management Inc. boosted its stake in shares of Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after purchasing an additional 21,509 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Criteo during the third quarter valued at approximately $928,000. Point72 Asset Management L.P. increased its holdings in shares of Criteo by 681.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider’s stock worth $1,038,000 after purchasing an additional 22,500 shares in the last quarter. Stifel Financial Corp raised its position in Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after buying an additional 15,067 shares during the last quarter. Finally, Whale Rock Capital Management LLC boosted its holdings in Criteo by 230.1% in the third 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 last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Trading Up 0.1 %

Shares of CRTO stock opened at $35.65 on Thursday. The firm has a fifty day moving average price of $38.95 and a 200 day moving average price of $39.56. The company has a market cap of $2.06 billion, a P/E ratio of 21.22 and a beta of 0.98. Criteo S.A. has a 12 month low of $33.15 and a 12 month high of $49.93.

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

Insider Activity at Criteo

In other news, insider Brian Gleason sold 3,135 shares of the firm’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 transaction, the insider now owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares in the company, valued at $21,267,255.24. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CRTO. 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 note on Thursday, February 6th. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus reiterated 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. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. Finally, DA Davidson upped 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.