HighTower Advisors LLC Sells 27,753 Shares of Criteo S.A. (NASDAQ:CRTO)

HighTower Advisors LLC lowered its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 16.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,654 shares of the information services provider's stock after selling 27,753 shares during the period. HighTower Advisors LLC owned about 0.26% of Criteo worth $5,780,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CRTO. Congress Asset Management Co. acquired a new stake in shares of Criteo during the third quarter worth $48,653,000. Senvest Management LLC lifted its stake in Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock valued at $116,526,000 after buying an additional 475,530 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of Criteo during the 2nd quarter worth approximately $11,059,000. BNP Paribas Financial Markets increased its stake in Criteo by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider's stock valued at $17,602,000 after purchasing an additional 103,593 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Criteo by 518.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider's stock valued at $3,259,000 after buying an additional 67,913 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Price Performance

NASDAQ:CRTO traded down $0.22 during mid-day trading on Tuesday, reaching $42.20. 231,335 shares of the company's stock traded hands, compared to its average volume of 383,141. Criteo S.A. has a 12-month low of $23.87 and a 12-month high of $49.93. The company has a 50 day moving average price of $39.41 and a 200-day moving average price of $41.17. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 28.71 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRTO. Benchmark restated a "buy" rating and set a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. Wells Fargo & Company assumed coverage on Criteo in a report on Monday, October 28th. They set an "overweight" rating and a $70.00 price objective for the company. StockNews.com upgraded shares of Criteo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Susquehanna dropped their price objective on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, DA Davidson lowered their target price on shares of Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.67.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 2,885 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following the sale, the insider now owns 118,334 shares in the company, valued at $4,775,960.24. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the transaction, the chief financial officer now owns 311,878 shares of the company's stock, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,972 shares of company stock worth $890,198 over the last three months. Company insiders own 1.71% of the company's stock.

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.