Aquatic Capital Management LLC Sells 32,869 Shares of Criteo S.A. (NASDAQ:CRTO)

Aquatic Capital Management LLC lessened its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 93.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,231 shares of the information services provider's stock after selling 32,869 shares during the period. Aquatic Capital Management LLC's holdings in Criteo were worth $88,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Criteo by 31.2% during the 3rd 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 during the period. Barclays PLC boosted its holdings in shares of Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after buying an additional 1,787 shares during the period. KBC Group NV bought a new stake in shares of Criteo during the 4th quarter worth about $2,887,000. Blue Trust Inc. boosted its holdings in shares of Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after buying an additional 1,916 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after purchasing an additional 1,455 shares during the period. Institutional investors own 94.27% of the company's stock.

Insider Buying and Selling at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the transaction, the insider now owns 157,450 shares in the company, valued at $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the business'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 transaction, 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. Over the last quarter, insiders have sold 24,145 shares of company stock worth $1,031,391. 1.71% of the stock is currently owned by company insiders.

Criteo Stock Up 0.3%

Shares of NASDAQ CRTO traded up $0.09 during mid-day trading on Friday, reaching $28.46. 469,281 shares of the company were exchanged, compared to its average volume of 441,211. Criteo S.A. has a 52 week low of $26.67 and a 52 week high of $49.93. The stock has a market capitalization of $1.53 billion, a PE ratio of 16.94 and a beta of 0.63. The company's 50 day moving average price is $32.84 and its 200 day moving average price is $37.41.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same quarter last year, the company earned $0.80 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRTO shares. Wells Fargo & Company cut their price target on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Susquehanna cut their price target on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley cut their price objective on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus lowered their target price on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, DA Davidson decreased their price objective on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Criteo has an average rating of "Moderate Buy" and a consensus price target of $46.70.

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.