Congress Asset Management Co. Reduces Holdings in Criteo S.A. (NASDAQ:CRTO)

Congress Asset Management Co. reduced its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,125,279 shares of the information services provider's stock after selling 83,782 shares during the quarter. Congress Asset Management Co. owned 2.04% of Criteo worth $44,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRTO. Charles Schwab Investment Management Inc. lifted its stake in shares of Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after purchasing an additional 21,509 shares during the period. Seizert Capital Partners LLC bought a new position in shares of Criteo in the 3rd quarter worth approximately $1,405,000. Stifel Financial Corp lifted its stake in shares of 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 purchasing an additional 15,067 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock worth $13,596,000 after purchasing an additional 80,424 shares during the period. Finally, Barclays PLC lifted its stake in shares of Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after purchasing an additional 1,787 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 1,520 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the transaction, the chief financial officer now directly owns 311,878 shares of the company's stock, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,845 shares of company stock valued at $1,795,516 in the last three months. 1.71% of the stock is currently owned by corporate insiders.

Criteo Stock Performance

CRTO traded down $0.22 during trading on Wednesday, reaching $44.30. 922,868 shares of the company traded hands, compared to its average volume of 478,121. Criteo S.A. has a 12-month low of $30.76 and a 12-month high of $49.93. The firm has a fifty day simple moving average of $40.51 and a 200 day simple moving average of $41.51. The company has a market cap of $2.56 billion, a P/E ratio of 26.37 and a beta of 1.05.

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, beating analysts' consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, sell-side analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRTO has been the topic of several recent research reports. Benchmark reiterated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Stifel Nicolaus reiterated a "buy" rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Susquehanna decreased their target price on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price 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. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $52.90.

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.