Deutsche Bank AG Grows Stake in Criteo S.A. (NASDAQ:CRTO)

Deutsche Bank AG raised its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 46.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,072 shares of the information services provider's stock after buying an additional 15,203 shares during the period. Deutsche Bank AG owned 0.09% of Criteo worth $1,902,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Waterfront Wealth Inc. increased its position in Criteo by 0.7% during the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after buying an additional 335 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock valued at $244,000 after buying an additional 558 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after purchasing an additional 971 shares in the last quarter. Wells Fargo & Company MN grew its stake in 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 in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Criteo by 31.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock valued at $245,000 after purchasing an additional 1,490 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Stock Performance

NASDAQ CRTO traded down $0.04 during trading on Thursday, hitting $25.48. 697,168 shares of the company's stock traded hands, compared to its average volume of 446,508. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.17 and a beta of 0.63. The business has a 50 day moving average of $30.40 and a 200-day moving average of $36.52. Criteo S.A. has a 12-month low of $25.17 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results 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. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same period in the prior year, the business posted $0.80 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Criteo S.A. will post 3.09 EPS for the current year.

Insider Activity

In related news, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total value of $39,702.40. Following the transaction, the chief financial officer now owns 361,190 shares in the company, valued at $9,434,282.80. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan Damon sold 1,263 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider now directly owns 130,739 shares of the company's stock, valued at $3,414,902.68. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,707 shares of company stock worth $351,786 in the last three months. Corporate insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CRTO. Wall Street Zen cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Wells Fargo & Company lowered 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. Susquehanna reduced 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. Morgan Stanley cut their target price 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, JPMorgan Chase & Co. cut their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently 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.