APG Asset Management N.V. Purchases 28,655 Shares of Criteo S.A. (NASDAQ:CRTO)

APG Asset Management N.V. boosted its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 116.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,265 shares of the information services provider's stock after purchasing an additional 28,655 shares during the period. APG Asset Management N.V. owned about 0.10% of Criteo worth $2,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nierenberg Investment Management Company Inc. bought a new position in shares of Criteo in the 4th quarter worth about $2,672,000. Federated Hermes Inc. lifted its stake in Criteo by 21.7% in the fourth quarter. Federated Hermes Inc. now owns 83,808 shares of the information services provider's stock valued at $3,315,000 after buying an additional 14,942 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Criteo by 53.2% during the 4th 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. Trexquant Investment LP acquired a new stake in shares of Criteo during the 4th quarter worth approximately $220,000. Finally, Geode Capital Management LLC lifted its position in shares of Criteo by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 52,429 shares of the information services provider's stock valued at $2,074,000 after acquiring an additional 3,286 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Price Performance

CRTO traded up $1.19 on Thursday, hitting $30.39. The company had a trading volume of 175,250 shares, compared to its average volume of 428,714. Criteo S.A. has a 52-week low of $27.46 and a 52-week high of $49.93. The firm has a market capitalization of $1.75 billion, a P/E ratio of 18.09 and a beta of 0.74. The stock has a fifty day simple moving average of $36.46 and a 200-day simple moving average of $38.58.

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

Insider Transactions at Criteo

In other Criteo news, insider Brian Gleason sold 1,924 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,223,090.88. This represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Megan Clarken sold 13,823 shares of the business's 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 sale, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,363 shares of company stock worth $1,124,213 over the last three months. 1.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRTO has been the topic of a number of research reports. Benchmark reaffirmed a "buy" rating and set a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. BMO Capital Markets upped their target price on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. DA Davidson boosted their price objective on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on Criteo from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.40.

Criteo 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.