JPMorgan Chase & Co. Purchases 80,424 Shares of Criteo S.A. (NASDAQ:CRTO)

JPMorgan Chase & Co. grew its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 31.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 337,880 shares of the information services provider's stock after acquiring an additional 80,424 shares during the quarter. JPMorgan Chase & Co. owned 0.61% of Criteo worth $13,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its position in shares of Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider's stock worth $74,567,000 after acquiring an additional 547,718 shares during the period. 272 Capital LP bought a new stake in shares of Criteo in the 3rd quarter worth approximately $1,141,000. Barclays PLC lifted its position in shares of Criteo by 40.6% in the 3rd 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. Geode Capital Management LLC lifted its position in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock worth $1,978,000 after acquiring an additional 518 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Criteo in the 3rd quarter worth approximately $6,676,000. Institutional investors own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of recent research reports. DA Davidson dropped their target price on Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Criteo in a report on Monday, October 28th. They issued an "overweight" rating and a $70.00 target price for the company. Benchmark reissued a "buy" rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. Susquehanna dropped their price target on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Finally, StockNews.com raised Criteo from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Criteo currently has a consensus rating of "Moderate Buy" and an average price target of $50.67.

Insider Transactions at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now owns 115,646 shares in the company, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,765 shares of company stock worth $1,009,013 in the last three months. Insiders own 1.71% of the company's stock.

Criteo Price Performance

Shares of NASDAQ CRTO traded down $2.15 during midday trading on Friday, hitting $36.97. The stock had a trading volume of 851,074 shares, compared to its average volume of 390,666. The company's 50-day simple moving average is $39.85 and its 200 day simple moving average is $41.69. The firm has a market cap of $2.04 billion, a P/E ratio of 25.15 and a beta of 1.06. Criteo S.A. has a fifty-two week low of $23.90 and a fifty-two week high of $49.93.

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.