Point72 Asset Management L.P. Sells 14,700 Shares of Criteo S.A. (NASDAQ:CRTO)

Point72 Asset Management L.P. cut its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 57.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,100 shares of the information services provider's stock after selling 14,700 shares during the period. Point72 Asset Management L.P.'s holdings in Criteo were worth $439,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its position 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 worth $150,208,000 after buying an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in Criteo by 41,776.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after buying an additional 992,180 shares in the last quarter. Senvest Management LLC grew its position in Criteo by 25.7% during the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after buying an additional 743,695 shares in the last quarter. Cadian Capital Management LP grew its position in Criteo by 38.2% during 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 buying an additional 713,785 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Criteo by 4,200.9% during the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after buying an additional 559,472 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Price Performance

Shares of NASDAQ:CRTO traded down $0.73 during trading on Tuesday, reaching $25.56. The stock had a trading volume of 856,086 shares, compared to its average volume of 443,161. The business's 50-day moving average price is $31.08 and its 200 day moving average price is $36.76. Criteo S.A. has a 52 week low of $25.50 and a 52 week high of $49.93. The stock has a market capitalization of $1.48 billion, a PE ratio of 15.21 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 earnings per share 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 during the quarter, compared to analysts' expectations of $259.86 million. During the same quarter in the previous year, the company posted $0.80 EPS. Criteo's revenue was up 3.9% on a year-over-year basis. Analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

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 value of $96,281.49. Following the completion of the transaction, the insider now owns 157,450 shares in the company, valued at $5,335,980.50. The trade was a 1.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CRTO has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock 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 report on Tuesday, February 4th. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Wells Fargo & Company decreased their price objective on Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.