Neuberger Berman Group LLC Boosts Stock Position in Criteo S.A. (NASDAQ:CRTO)

Neuberger Berman Group LLC grew its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,075,995 shares of the information services provider's stock after buying an additional 399,977 shares during the period. Neuberger Berman Group LLC owned approximately 11.01% of Criteo worth $240,322,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its stake in shares of Criteo by 38.3% during the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock valued at $150,208,000 after buying an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Criteo by 41,776.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after acquiring an additional 992,180 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Criteo by 4,200.9% in the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after acquiring an additional 559,472 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock valued at $74,567,000 after purchasing an additional 547,718 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Criteo in the third quarter valued at $6,676,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Buying and Selling at Criteo

In related news, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 of the company's stock, valued at approximately $22,346,334.52. This trade represents a 1.47 % 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, insider Brian Gleason sold 1,924 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value of $73,265.92. Following the completion of the transaction, the insider now owns 137,161 shares of the company's stock, valued at $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock valued at $1,124,213 over the last ninety days. 1.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CRTO has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price objective on Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Benchmark reissued a "buy" rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. Finally, DA Davidson raised their price objective on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $51.80.

Criteo Stock Up 2.9 %

NASDAQ:CRTO traded up $0.81 during mid-day trading on Tuesday, hitting $28.74. 85,096 shares of the company traded hands, compared to its average volume of 428,292. The stock's fifty day moving average price is $37.13 and its 200-day moving average price is $38.71. Criteo S.A. has a one year low of $27.46 and a one year high of $49.93. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 17.11 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping 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%. Equities analysts predict that Criteo S.A. will post 3.09 EPS for the current year.

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.