State Street Corp Lowers Holdings in Criteo S.A. (NASDAQ:CRTO)

State Street Corp lessened its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 83.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,541 shares of the information services provider's stock after selling 32,865 shares during the quarter. State Street Corp's holdings in Criteo were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CRTO. NINE MASTS CAPITAL Ltd purchased a new position in Criteo during the second quarter valued at $415,000. Federated Hermes Inc. increased its stake in shares of Criteo by 18.5% during the second quarter. Federated Hermes Inc. now owns 56,550 shares of the information services provider's stock valued at $2,133,000 after purchasing an additional 8,823 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Criteo by 1.4% during the second quarter. Envestnet Asset Management Inc. now owns 69,527 shares of the information services provider's stock valued at $2,623,000 after buying an additional 976 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Criteo by 40.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,266 shares of the information services provider's stock worth $538,000 after purchasing an additional 4,142 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in Criteo in the 2nd quarter worth about $819,000. 94.27% of the stock is currently owned by institutional investors.

Criteo Price Performance

Criteo stock traded up $1.97 during mid-day trading on Friday, reaching $41.30. 253,158 shares of the stock traded hands, compared to its average volume of 267,779. Criteo S.A. has a 12-month low of $23.87 and a 12-month high of $49.93. The business's 50-day moving average is $39.64 and its 200-day moving average is $41.58. The stock has a market capitalization of $2.28 billion, a PE ratio of 28.10 and a beta of 1.06.

Analysts Set New Price Targets

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

Insider Buying and Selling at Criteo

In related news, insider Ryan Damon sold 2,885 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now directly owns 118,334 shares of the company's stock, valued at approximately $4,775,960.24. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares in the company, valued at approximately $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,765 shares of company stock worth $1,009,013 in the last three months. 1.71% of the stock is currently owned by company insiders.

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.