Criteo S.A. (NASDAQ:CRTO) Shares Sold by River Global Investors LLP

River Global Investors LLP lessened its holdings in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,060 shares of the information services provider's stock after selling 21,545 shares during the quarter. River Global Investors LLP's holdings in Criteo were worth $1,031,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after acquiring an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in Criteo during the 3rd quarter worth $1,405,000. Stifel Financial Corp increased its holdings in Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock valued at $836,000 after purchasing an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. raised its position in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock valued at $13,596,000 after purchasing an additional 80,424 shares during the period. Finally, Senvest Management LLC lifted its stake 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 purchasing an additional 475,530 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

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Criteo Stock Performance

Shares of Criteo stock traded up $0.88 during trading on Wednesday, reaching $35.80. The company had a trading volume of 388,843 shares, compared to its average volume of 415,449. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 21.31 and a beta of 0.98. Criteo S.A. has a fifty-two week low of $33.12 and a fifty-two week high of $49.93. The firm's fifty day moving average is $39.75 and its 200-day moving average is $40.59.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CRTO shares. StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Morgan Stanley boosted their target price on shares of Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets boosted their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.90.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 7,481 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares in the company, valued at $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the transaction, the insider now owns 115,646 shares of the company's stock, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,156 shares of company stock worth $1,243,028 over the last ninety days. 1.71% of the stock is owned by insiders.

Criteo 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.