Charles Schwab Investment Management Inc. Raises Holdings in Criteo S.A. (NASDAQ:CRTO)

Charles Schwab Investment Management Inc. boosted its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 80.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,395 shares of the information services provider's stock after purchasing an additional 21,509 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.09% of Criteo worth $1,947,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CRTO. Alpha DNA Investment Management LLC acquired a new stake in shares of Criteo during the second quarter worth about $473,000. Seizert Capital Partners LLC acquired a new position in Criteo during the third quarter worth approximately $1,405,000. Inspire Investing LLC purchased a new stake in Criteo in the second quarter valued at approximately $819,000. SG Americas Securities LLC purchased a new stake in Criteo in the second quarter valued at approximately $248,000. Finally, Congress Asset Management Co. acquired a new stake in shares of Criteo in the third quarter valued at approximately $48,653,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Price Performance

NASDAQ CRTO traded down $0.10 on Tuesday, hitting $42.30. 118,986 shares of the company's stock were exchanged, compared to its average volume of 380,586. The firm's 50-day moving average price is $39.66 and its two-hundred day moving average price is $41.26. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 28.78 and a beta of 1.05. Criteo S.A. has a fifty-two week low of $23.87 and a fifty-two week high of $49.93.

Analysts Set New Price Targets

Several research firms recently commented on CRTO. StockNews.com upgraded shares of Criteo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Susquehanna reduced their target price on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company started coverage on Criteo in a report on Monday, October 28th. They set an "overweight" rating and a $70.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. Finally, DA Davidson decreased their price objective on Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.67.

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now directly owns 509,145 shares in the company, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now owns 146,470 shares of the company's stock, valued at approximately $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,765 shares of company stock valued at $1,009,013 over the last quarter. Company 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.