ANTIPODES PARTNERS Ltd Purchases 992,180 Shares of Criteo S.A. (NASDAQ:CRTO)

ANTIPODES PARTNERS Ltd boosted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 41,776.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 994,555 shares of the information services provider's stock after purchasing an additional 992,180 shares during the period. Criteo comprises approximately 1.4% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 27th largest position. ANTIPODES PARTNERS Ltd owned approximately 1.80% of Criteo worth $39,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC lifted its stake in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider's stock valued at $101,399,000 after acquiring an additional 1,756,507 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock valued at $74,567,000 after acquiring an additional 547,718 shares during the last quarter. Senvest Management LLC lifted its stake in Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock valued at $116,526,000 after acquiring an additional 475,530 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Criteo in the third quarter valued at approximately $6,676,000. Finally, BNP Paribas Financial Markets lifted its stake in Criteo by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider's stock valued at $17,602,000 after acquiring an additional 103,593 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Criteo Trading Up 4.1 %

NASDAQ:CRTO traded up $1.42 during trading hours on Friday, hitting $36.23. 360,316 shares of the company traded hands, compared to its average volume of 417,409. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 21.57 and a beta of 0.98. Criteo S.A. has a twelve month low of $33.15 and a twelve month high of $49.93. The firm has a 50-day moving average of $39.48 and a 200 day moving average of $40.38.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities research analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 7,481 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares of the company's stock, valued at $22,346,334.52. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Gleason sold 1,924 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the sale, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,363 shares of company stock valued at $1,124,213 in the last 90 days. 1.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CRTO shares. BMO Capital Markets lifted their target price on shares of Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Stifel Nicolaus restated a "buy" rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. DA Davidson boosted their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Finally, Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Criteo has a consensus rating of "Moderate Buy" and an average price target of $52.90.

Criteo Company Profile

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.