D. E. Shaw & Co. Inc. trimmed its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock valued at $249,000 after acquiring an additional 1,787 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Criteo in the fourth quarter valued at approximately $510,000. Blue Trust Inc. lifted its position in Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after purchasing an additional 1,916 shares during the last quarter. KBC Group NV purchased a new stake in shares of Criteo during the fourth quarter valued at approximately $2,887,000. Finally, Palumbo Wealth Management LLC bought a new position in shares of Criteo in the fourth quarter worth approximately $208,000. 94.27% of the stock is owned by institutional investors.
Insider Transactions 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 sale, the insider now 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 legal filing with the SEC, which is available at this link. Insiders own 1.66% of the company's stock.
Analyst Ratings Changes
CRTO has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered 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. Stifel Nicolaus lowered their price objective on shares of Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. DA Davidson dropped their target price on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Citigroup restated an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Finally, StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.70.
Read Our Latest Analysis on Criteo
Criteo Stock Performance
Criteo stock opened at $28.42 on Friday. Criteo S.A. has a fifty-two week low of $26.67 and a fifty-two week high of $49.93. The stock's 50 day simple moving average is $32.11 and its two-hundred day simple moving average is $37.07. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 16.92 and a beta of 0.63.
Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.33. The company 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 firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.
About Criteo
(
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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