Criteo S.A. (NASDAQ:CRTO) Stock Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,071 shares of the information services provider's stock after selling 15,161 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Criteo worth $3,682,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after acquiring an additional 1,455 shares during the period. Palumbo Wealth Management LLC purchased a new position in shares of Criteo in the fourth quarter valued at $208,000. Trexquant Investment LP acquired a new stake in shares of Criteo during the fourth quarter valued at about $220,000. Blue Trust Inc. increased its position in shares of Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after acquiring an additional 1,916 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Criteo by 9.9% in 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. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 13,823 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares of the company's stock, valued at $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock worth $1,124,213 in the last three months. 1.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRTO shares. DA Davidson lifted their price objective on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Benchmark reissued a "buy" rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. Finally, Morgan Stanley decreased their price target on Criteo from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.64.

Criteo Price Performance

NASDAQ:CRTO traded down $0.68 during midday trading on Monday, reaching $34.22. 365,701 shares of the company traded hands, compared to its average volume of 429,778. Criteo S.A. has a twelve month low of $27.46 and a twelve month high of $49.93. The company has a fifty day moving average price of $34.76 and a 200 day moving average price of $38.16. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 20.37 and a beta of 0.74.

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

Criteo Company Profile

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.