D. E. Shaw & Co. Inc. reduced its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,367 shares of the information services provider's stock after selling 17,438 shares during the period. D. E. Shaw & Co. Inc. owned about 0.22% of Criteo worth $4,880,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Centiva Capital LP acquired a new stake in shares of Criteo during the 4th quarter valued at about $745,000. Cadian Capital Management LP lifted its holdings in Criteo by 38.2% during the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after purchasing an additional 713,785 shares during the last quarter. Bank of America Corp DE lifted its holdings in Criteo by 45.5% during the 4th quarter. Bank of America Corp DE now owns 127,509 shares of the information services provider's stock valued at $5,044,000 after purchasing an additional 39,862 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Criteo by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 60,917 shares of the information services provider's stock valued at $2,410,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Criteo by 94.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,351 shares of the information services provider's stock valued at $1,082,000 after purchasing an additional 13,291 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.
Criteo Stock Performance
Shares of NASDAQ CRTO traded down $0.20 during trading on Friday, reaching $26.29. The company had a trading volume of 624,516 shares, compared to its average volume of 442,023. Criteo S.A. has a 52 week low of $25.50 and a 52 week high of $49.93. The stock has a market cap of $1.52 billion, a PE ratio of 15.65 and a beta of 0.63. The business's 50 day moving average price is $31.26 and its 200-day moving average price is $36.80.
Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. The business had revenue of $451.43 million during the quarter, compared to the consensus estimate of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Criteo's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. Equities analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Citigroup reissued an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Susquehanna cut their price target on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Morgan Stanley cut their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.70.
Check Out Our Latest Stock Report on CRTO
Insider Buying and Selling
In related news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the sale, the insider now directly owns 157,450 shares of the company's stock, valued at $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.66% of the stock is currently owned by insiders.
Criteo Profile
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Free Report)
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.
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