Charles Schwab Investment Management Inc. grew its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,961 shares of the information services provider's stock after purchasing an additional 22,566 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.13% of Criteo worth $2,807,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Palumbo Wealth Management LLC purchased a new position in shares of Criteo during the 4th quarter worth $208,000. Blue Trust Inc. lifted its holdings in Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after acquiring an additional 1,916 shares during the last quarter. Barclays PLC grew its position in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after acquiring an additional 1,787 shares during the period. MML Investors Services LLC acquired a new stake in Criteo during the third quarter worth $275,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in Criteo in the fourth quarter valued at $393,000. 94.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Stifel Nicolaus restated a "buy" rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. 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 report on Thursday, February 6th. StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, DA Davidson increased their target price on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. 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, Criteo presently has an average rating of "Moderate Buy" and a consensus target price of $52.90.
Check Out Our Latest Analysis on Criteo
Criteo Trading Down 0.6 %
NASDAQ:CRTO traded down $0.20 during trading hours on Monday, hitting $34.83. The company's stock had a trading volume of 17,756 shares, compared to its average volume of 419,706. The stock has a market capitalization of $2.01 billion, a P/E ratio of 20.73 and a beta of 0.98. The stock has a fifty day moving average of $39.09 and a 200-day moving average of $39.71. Criteo S.A. has a 52-week low of $33.15 and a 52-week high of $49.93.
Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. On average, sell-side analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current year.
Insider Activity at Criteo
In other news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $73,265.92. Following 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 disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock valued at $1,124,213 over the last ninety days. Insiders own 1.71% of the company's stock.
Criteo Profile
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Free Report)
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.
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