QRG Capital Management Inc. Increases Stock Position in Criteo S.A. (NASDAQ:CRTO)

QRG Capital Management Inc. raised its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 150.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,893 shares of the information services provider's stock after buying an additional 23,375 shares during the period. QRG Capital Management Inc. owned about 0.07% of Criteo worth $1,539,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CRTO. Farther Finance Advisors LLC purchased a new stake in Criteo during the 3rd quarter valued at $50,000. Palumbo Wealth Management LLC purchased a new stake in Criteo during the 4th quarter valued at $208,000. Assetmark Inc. boosted its position in Criteo by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock valued at $226,000 after buying an additional 424 shares during the period. Blue Trust Inc. boosted its position in Criteo by 51.9% during the 4th 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 during the period. Finally, Barclays PLC boosted its position in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock valued at $249,000 after buying an additional 1,787 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Criteo Stock Performance

Shares of Criteo stock traded down $0.13 during trading on Thursday, hitting $38.15. The company's stock had a trading volume of 252,713 shares, compared to its average volume of 456,543. The company has a fifty day simple moving average of $40.05 and a two-hundred day simple moving average of $41.01. The company has a market capitalization of $2.20 billion, a PE ratio of 22.71 and a beta of 1.05. Criteo S.A. has a 52 week low of $32.71 and a 52 week high of $49.93.

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

Analysts Set New Price Targets

Several brokerages have commented on CRTO. Stifel Nicolaus restated a "buy" rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday. BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective 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. Finally, Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.90.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the sale, the insider now owns 139,085 shares of the company's stock, valued at approximately $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 ninety days, insiders sold 29,156 shares of company stock worth $1,243,028. 1.71% of the stock is owned by corporate 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.