VELA Investment Management LLC boosted its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 40.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,986 shares of the information services provider's stock after acquiring an additional 45,362 shares during the quarter. Criteo accounts for approximately 1.7% of VELA Investment Management LLC's investment portfolio, making the stock its 5th biggest holding. VELA Investment Management LLC owned approximately 0.28% of Criteo worth $6,210,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CRTO. Farther Finance Advisors LLC acquired a new stake in shares of Criteo in the 3rd quarter valued at $50,000. Palumbo Wealth Management LLC bought a new stake in Criteo during the 4th quarter worth approximately $208,000. Assetmark Inc. lifted its holdings in shares of Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock worth $226,000 after purchasing an additional 424 shares during the period. Blue Trust Inc. grew its stake in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Barclays PLC increased its holdings in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock valued at $249,000 after purchasing an additional 1,787 shares during the period. Institutional investors own 94.27% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on CRTO. DA Davidson increased their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. StockNews.com upgraded Criteo from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. Morgan Stanley raised their price target on shares of Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus restated a "buy" rating and set a $61.00 price objective (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $52.90.
View Our Latest Research Report on Criteo
Insider Buying and Selling
In other news, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 3,135 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the sale, the insider now owns 139,085 shares in the company, valued at $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,156 shares of company stock valued at $1,243,028. 1.71% of the stock is owned by company insiders.
Criteo Trading Down 0.9 %
CRTO traded down $0.35 during midday trading on Tuesday, reaching $37.33. The company's stock had a trading volume of 244,441 shares, compared to its average volume of 409,511. The stock's 50-day moving average is $40.18 and its 200-day moving average is $41.11. Criteo S.A. has a 1 year low of $32.45 and a 1 year high of $49.93. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 22.22 and a beta of 1.05.
Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 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, equities research analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.
About Criteo
(
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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