Criteo S.A. (NASDAQ:CRTO) Holdings Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 697,146 shares of the information services provider's stock after acquiring an additional 63,379 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.26% of Criteo worth $27,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CRTO. Charles Schwab Investment Management Inc. raised its position in Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock valued at $1,947,000 after purchasing an additional 21,509 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Criteo during the 3rd quarter valued at about $928,000. Point72 Asset Management L.P. lifted its position in Criteo by 681.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider's stock worth $1,038,000 after acquiring an additional 22,500 shares in the last quarter. Stifel Financial Corp boosted its holdings in Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock worth $836,000 after acquiring an additional 15,067 shares during the period. Finally, Whale Rock Capital Management LLC boosted its holdings in Criteo by 230.1% in the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider's stock worth $101,399,000 after acquiring an additional 1,756,507 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 13,823 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was 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 owns 488,229 shares in the company, valued at $21,267,255.24. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Gleason sold 1,924 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value of $73,265.92. Following the transaction, the insider now owns 137,161 shares of the company's stock, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock valued at $1,124,213 in the last quarter. Insiders own 1.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on CRTO. StockNews.com cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. 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 report on Wednesday, February 5th. BMO Capital Markets raised their target price on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $61.00 price target (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $52.90.

Criteo Trading Down 2.6 %

NASDAQ CRTO traded down $0.78 on Monday, hitting $29.28. 313,159 shares of the stock traded hands, compared to its average volume of 424,375. The stock has a 50-day moving average of $38.53 and a 200 day moving average of $39.29. Criteo S.A. has a twelve month low of $28.29 and a twelve month high of $49.93. The company has a market capitalization of $1.69 billion, a P/E ratio of 17.43 and a beta of 0.74.

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

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.