Wellington Management Group LLP Sells 22,898 Shares of Criteo S.A. (NASDAQ:CRTO)

Wellington Management Group LLP trimmed its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722,850 shares of the information services provider's stock after selling 22,898 shares during the quarter. Wellington Management Group LLP owned approximately 1.25% of Criteo worth $28,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Neuberger Berman Group LLC boosted its holdings in shares of Criteo by 7.0% during the 4th quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider's stock worth $240,322,000 after buying an additional 399,977 shares during the period. DnB Asset Management AS lifted its position in Criteo by 0.5% during the 4th quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock worth $213,903,000 after acquiring an additional 28,536 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock valued at $150,208,000 after acquiring an additional 1,052,126 shares during the period. Senvest Management LLC grew its position in shares of Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock valued at $143,978,000 after purchasing an additional 743,695 shares during the last quarter. Finally, Cadian Capital Management LP increased its stake in shares of Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock worth $102,236,000 after purchasing an additional 713,785 shares during the period. Institutional investors own 94.27% of the company's stock.

Insider Activity

In related news, insider Brian Gleason sold 2,841 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the transaction, the insider now directly owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan Damon sold 1,263 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total value of $32,989.56. Following the transaction, the insider now directly owns 130,739 shares in the company, valued at $3,414,902.68. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,707 shares of company stock worth $351,786. 1.66% of the stock is owned by corporate insiders.

Criteo Stock Performance

Criteo stock traded up $0.73 during mid-day trading on Wednesday, reaching $26.89. The stock had a trading volume of 814,768 shares, compared to its average volume of 449,431. The firm has a market capitalization of $1.56 billion, a PE ratio of 16.01 and a beta of 0.63. The stock's 50-day simple moving average is $29.55 and its 200-day simple moving average is $36.21. Criteo S.A. has a fifty-two week low of $24.91 and a fifty-two week high of $49.93.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on CRTO. Susquehanna dropped their price objective on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Morgan Stanley decreased their price objective on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen cut Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.