JPMorgan Chase & Co. Decreases Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

JPMorgan Chase & Co. decreased its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,301 shares of the information services provider's stock after selling 109,579 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Criteo worth $9,032,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Waterfront Wealth Inc. grew its holdings in Criteo by 0.7% during the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after buying an additional 335 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Criteo by 1.1% during 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 last quarter. Assetmark Inc. grew its stake in shares of Criteo by 9.9% in the 4th 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 raised 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 valued at $249,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Blue Trust Inc. lifted 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 valued at $226,000 after purchasing an additional 1,916 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

Criteo Trading Up 2.4 %

Shares of NASDAQ CRTO traded up $0.70 during midday trading on Friday, hitting $29.90. The company's stock had a trading volume of 400,697 shares, compared to its average volume of 430,054. The stock has a fifty day moving average price of $36.18 and a 200 day moving average price of $38.51. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.80 and a beta of 0.74. Criteo S.A. has a one year low of $27.46 and a one year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping 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, equities research analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 7,481 shares of Criteo 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 owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 1,924 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following 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. Over the last three months, insiders have sold 26,363 shares of company stock worth $1,124,213. Insiders own 1.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRTO. StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. BMO Capital Markets increased their price target on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Criteo from $48.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus restated a "buy" rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their target price on Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.40.

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.