72,990 Shares in Criteo S.A. (NASDAQ:CRTO) Bought by KBC Group NV

KBC Group NV acquired a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 72,990 shares of the information services provider's stock, valued at approximately $2,887,000. KBC Group NV owned approximately 0.13% of Criteo at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Senvest Management LLC increased its holdings in shares of Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock worth $116,526,000 after buying an additional 475,530 shares in the last quarter. Whale Rock Capital Management LLC grew its position in Criteo by 230.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider's stock worth $101,399,000 after acquiring an additional 1,756,507 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in 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 purchasing an additional 547,718 shares in the last quarter. Congress Asset Management Co. bought a new position in Criteo in the third quarter valued at about $48,653,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Criteo by 31.0% during 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. Institutional investors own 94.27% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRTO shares. StockNews.com raised Criteo from a "hold" rating to a "buy" rating in a research note on Friday. Susquehanna decreased their price target on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company cut their price target on shares of Criteo from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday. Finally, DA Davidson cut their target price on Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.89.

Criteo Stock Up 2.0 %

CRTO traded up $0.74 during trading on Tuesday, reaching $38.40. 473,669 shares of the stock traded hands, compared to its average volume of 421,258. The stock's 50-day moving average is $40.02 and its 200 day moving average is $41.54. Criteo S.A. has a 12 month low of $25.75 and a 12 month high of $49.93. The stock has a market capitalization of $2.12 billion, a PE ratio of 26.12 and a beta of 1.05.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 2,885 shares of the business's stock in a transaction 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 transaction, the insider now owns 118,334 shares in the company, valued at $4,775,960.24. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the sale, the chief financial officer now owns 311,878 shares of the company's stock, valued at $12,587,396.08. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,541 shares of company stock worth $860,406 in the last 90 days. Corporate insiders own 1.71% of the company's stock.

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.