Jump Financial LLC Reduces Position in Criteo S.A. (NASDAQ:CRTO)

Jump Financial LLC trimmed its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 82.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,843 shares of the information services provider's stock after selling 47,757 shares during the quarter. Jump Financial LLC's holdings in Criteo were worth $389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waterfront Wealth Inc. lifted its position 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 raised its holdings in shares of 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 period. Assetmark Inc. raised its holdings in shares of Criteo by 9.9% during 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 during the period. Wells Fargo & Company MN boosted its position in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Criteo by 31.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock valued at $245,000 after purchasing an additional 1,490 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares of the company's stock, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Gleason sold 3,135 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares of the company's stock, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,363 shares of company stock valued at $1,124,213 in the last 90 days. Company insiders own 1.71% of the company's stock.

Criteo Trading Up 2.7 %

CRTO opened at $34.90 on Friday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 20.77 and a beta of 0.74. The stock's 50-day moving average price is $34.76 and its 200 day moving average price is $38.20. Criteo S.A. has a 12-month low of $27.46 and a 12-month high of $49.93.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRTO shares. Stifel Nicolaus decreased their target price on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday. Wells Fargo & Company reiterated an "equal weight" rating on shares of Criteo in a report on Friday. JPMorgan Chase & Co. lowered their price objective on Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Citigroup reiterated an "underperform" rating on shares of Criteo in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $49.64.

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.

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