Criteo S.A. (NASDAQ:CRTO) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,598 shares of the information services provider's stock after selling 39,955 shares during the period. Congress Wealth Management LLC DE owned approximately 0.24% of Criteo worth $5,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palumbo Wealth Management LLC purchased a new stake in shares of Criteo during the 4th quarter worth about $208,000. Blue Trust Inc. lifted its position in Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after buying an additional 1,916 shares in the last quarter. Assetmark Inc. grew its stake in Criteo by 9.9% during the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after buying an additional 558 shares during the period. Barclays PLC increased its position in shares of 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 in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of Criteo in the 3rd quarter valued at $275,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Stock Performance

Shares of CRTO stock traded down $1.63 during mid-day trading on Friday, reaching $35.01. 269,956 shares of the company were exchanged, compared to its average volume of 421,265. The business's 50 day simple moving average is $39.09 and its 200 day simple moving average is $39.71. The company has a market capitalization of $2.02 billion, a P/E ratio of 20.84 and a beta of 0.98. Criteo S.A. has a fifty-two week low of $33.15 and a fifty-two week high of $49.93.

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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 for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. On average, analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

Insider Buying and Selling

In other news, insider Brian Gleason sold 1,924 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the transaction, the insider now directly owns 137,161 shares in the company, valued at approximately $5,223,090.88. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 13,823 shares of the business's 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 sale, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,363 shares of company stock worth $1,124,213. Corporate insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRTO shares. Wells Fargo & Company upped their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. BMO Capital Markets upped their target price on Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Stifel Nicolaus reiterated a "buy" rating and set a $61.00 target price (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. DA Davidson upped their price target on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.90.

Criteo Company 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.