DnB Asset Management AS Purchases 28,536 Shares of Criteo S.A. (NASDAQ:CRTO)

DnB Asset Management AS raised its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,407,057 shares of the information services provider's stock after purchasing an additional 28,536 shares during the quarter. Criteo makes up approximately 0.9% of DnB Asset Management AS's portfolio, making the stock its 18th largest holding. DnB Asset Management AS owned 9.80% of Criteo worth $213,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRTO. Palumbo Wealth Management LLC purchased a new stake in shares of Criteo during the 4th quarter valued at approximately $208,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 1,916 shares during the period. Assetmark Inc. lifted its position in shares of 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 acquiring an additional 558 shares in the last quarter. Barclays PLC boosted its holdings 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 during the period. Finally, MML Investors Services LLC purchased a new position in shares of Criteo in the third quarter valued at $275,000. Institutional investors own 94.27% of the company's stock.

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Criteo Stock Performance

CRTO traded up $0.39 during trading on Monday, reaching $35.41. The stock had a trading volume of 267,471 shares, compared to its average volume of 420,652. The business has a 50-day moving average of $39.09 and a 200-day moving average of $39.71. Criteo S.A. has a one year low of $33.15 and a one year high of $49.93. The stock has a market cap of $2.04 billion, a PE ratio of 21.08 and a beta of 0.98.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Equities research analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares of the company's stock, 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 is accessible through this link. Also, insider Brian Gleason sold 3,135 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the sale, the insider now directly owns 139,085 shares of the company's stock, 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. Over the last ninety days, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRTO. StockNews.com cut Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. 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. Wells Fargo & Company upped their target price on shares of Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Morgan Stanley raised their price target on shares of Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.90.

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.