Criteo S.A. (NASDAQ:CRTO) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 94.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,351 shares of the information services provider's stock after buying an additional 13,291 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Criteo were worth $1,082,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in shares of Criteo by 7.0% during the fourth quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider's stock valued at $240,322,000 after buying an additional 399,977 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of 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 in the last quarter. Alliancebernstein L.P. lifted its position in Criteo by 38.3% during the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after acquiring an additional 1,052,126 shares during the last quarter. Senvest Management LLC increased 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 acquiring an additional 743,695 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its holdings in shares of Criteo by 41,776.0% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after purchasing an additional 992,180 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRTO. Wells Fargo & Company dropped their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. BMO Capital Markets dropped their target price on Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a report on Monday, May 5th. DA Davidson decreased their target price on shares of Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Citigroup restated an "underperform" rating on shares of Criteo in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.70.

Criteo Stock Performance

CRTO stock traded up $0.37 during trading on Tuesday, reaching $29.93. The company had a trading volume of 278,660 shares, compared to its average volume of 438,409. Criteo S.A. has a twelve month low of $26.67 and a twelve month high of $49.93. The firm has a 50-day simple moving average of $32.67 and a 200-day simple moving average of $37.33. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 17.82 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter last year, the business earned $0.80 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Criteo S.A. will post 3.09 earnings per share for the current year.

Insider Activity

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the sale, the insider now directly owns 157,450 shares in the company, valued at $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.71% of the company's stock.

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.