HighTower Advisors LLC Raises Stake in Criteo S.A. (NASDAQ:CRTO)

HighTower Advisors LLC grew its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,578 shares of the information services provider's stock after buying an additional 38,924 shares during the period. HighTower Advisors LLC owned 0.33% of Criteo worth $7,223,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atria Investments Inc purchased a new position in shares of Criteo during the 3rd quarter worth approximately $250,000. Charles Schwab Investment Management Inc. boosted its position in shares of Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after purchasing an additional 21,509 shares during the period. Senvest Management LLC boosted its position in shares of Criteo by 19.6% during the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock worth $116,526,000 after purchasing an additional 475,530 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Criteo during the 3rd quarter worth approximately $1,573,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Criteo by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider's stock worth $17,602,000 after purchasing an additional 103,593 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

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Insider Activity at Criteo

In related news, CEO Megan Clarken sold 7,481 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the transaction, the chief executive officer now directly owns 502,052 shares of the company's stock, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Gleason sold 1,924 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the transaction, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,363 shares of company stock valued at $1,124,213 in the last ninety days. Insiders own 1.71% of the company's stock.

Criteo Price Performance

Shares of CRTO traded up $0.38 during midday trading on Friday, reaching $36.88. The stock had a trading volume of 748,450 shares, compared to its average volume of 419,349. Criteo S.A. has a 1-year low of $33.15 and a 1-year high of $49.93. The company's fifty day simple moving average is $39.17 and its two-hundred day simple moving average is $40.03. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 21.95 and a beta of 0.98.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its 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%. On average, sell-side analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

CRTO has been the topic of a number of research reports. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. DA Davidson increased their target price on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Benchmark reiterated a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Wells Fargo & Company increased 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. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $61.00 target price (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.90.

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.