Criteo S.A. (NASDAQ:CRTO) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its holdings in Criteo S.A. (NASDAQ:CRTO) by 4.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,614,835 shares of the information services provider’s stock after selling 219,845 shares during the period. Allianz Asset Management GmbH owned approximately 7.56% of Criteo worth $169,134,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC acquired a new position in shares of Criteo in the third quarter valued at approximately $25,000. First Horizon Advisors Inc. grew its holdings in Criteo by 38.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,296 shares of the information services provider’s stock worth $51,000 after acquiring an additional 360 shares in the last quarter. Advisory Services Network LLC acquired a new position in Criteo during the 2nd quarter worth approximately $238,000. Banque Cantonale Vaudoise acquired a new position in Criteo during the 3rd quarter worth approximately $287,000. Finally, Citigroup Inc. grew its holdings in Criteo by 716.7% during the 2nd quarter. Citigroup Inc. now owns 6,877 shares of the information services provider’s stock worth $311,000 after acquiring an additional 6,035 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

In related news, CEO Megan Clarken sold 135,108 shares of the company’s stock in a transaction on Tuesday, December 14th. The shares were sold at an average price of $40.51, for a total value of $5,473,225.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ryan Damon sold 10,763 shares of the company’s stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $41.01, for a total transaction of $441,390.63. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,911 shares of company stock valued at $5,916,006. 1.39% of the stock is owned by insiders.

Several research analysts have commented on CRTO shares. Morgan Stanley boosted their price target on shares of Criteo from $30.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, October 11th. TheStreet upgraded shares of Criteo from a “c+” rating to a “b” rating in a report on Monday, November 8th. Zacks Investment Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a report on Monday, November 22nd. Rosenblatt Securities boosted their price target on shares of Criteo from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 4th. Finally, DA Davidson boosted their price target on shares of Criteo from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, November 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $44.13.

Shares of Criteo stock opened at $35.78 on Friday. The company has a fifty day simple moving average of $39.16 and a 200-day simple moving average of $38.43. Criteo S.A. has a 12-month low of $17.64 and a 12-month high of $46.65. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 21.30 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, November 3rd. The information services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.24 by $0.40. Criteo had a net margin of 4.69% and a return on equity of 13.09%. The firm had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.05 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Criteo’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Criteo S.A. will post 2.41 earnings per share for the current year.

Criteo Profile

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include Criteo Marketing Solutions, Criteo Shopper Graph, Criteo AI Engine, Criteo Retail Media, and Publisher Network.

See Also: Equal Weight Rating

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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