Polar Capital Holdings Plc Sells 248,495 Shares of Criteo S.A. (NASDAQ:CRTO)

Polar Capital Holdings Plc reduced its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 48.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,000 shares of the information services provider's stock after selling 248,495 shares during the quarter. Polar Capital Holdings Plc owned 0.49% of Criteo worth $10,602,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after acquiring an additional 1,787 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Criteo by 17.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after buying an additional 971 shares during the period. KBC Group NV acquired a new position in shares of Criteo during the fourth quarter worth about $2,887,000. Wells Fargo & Company MN boosted its position in shares of Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Criteo by 51.9% during the fourth 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. 94.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the transaction, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company's stock.

Criteo Stock Performance

NASDAQ CRTO traded down $0.46 during trading hours on Wednesday, hitting $27.02. 102,120 shares of the company traded hands, compared to its average volume of 438,444. Criteo S.A. has a twelve month low of $26.67 and a twelve month high of $49.93. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.12 and a beta of 0.63. The business's 50-day moving average is $31.81 and its 200-day moving average is $36.99.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. BMO Capital Markets reduced their price objective on Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Finally, DA Davidson reduced their price objective on Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Criteo presently has a consensus rating of "Moderate Buy" and an average price target of $46.70.

About Criteo

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.