Robeco Institutional Asset Management B.V. Lowers Stock Position in Criteo S.A. (NASDAQ:CRTO)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 56.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,039 shares of the information services provider's stock after selling 45,962 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Criteo worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in Criteo by 312.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider's stock valued at $124,000 after purchasing an additional 2,500 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Criteo during the second quarter worth about $1,327,000. Handelsbanken Fonder AB raised its holdings in shares of Criteo by 17.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,300 shares of the information services provider's stock worth $535,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock worth $65,000 after acquiring an additional 869 shares during the last quarter. Finally, USA Financial Formulas bought a new position in Criteo in the 3rd quarter valued at about $31,000. Institutional investors own 94.27% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CRTO shares. Susquehanna dropped their target price on Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com upgraded shares of Criteo from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Benchmark reissued a "buy" rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday. Finally, DA Davidson boosted their price target on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.90.

Criteo Trading Down 0.8 %

Shares of NASDAQ:CRTO traded down $0.39 during mid-day trading on Friday, reaching $45.50. The company had a trading volume of 969,447 shares, compared to its average volume of 485,778. Criteo S.A. has a one year low of $30.76 and a one year high of $49.93. The company's 50-day moving average price is $40.15 and its 200-day moving average price is $41.60. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 30.95 and a beta of 1.05.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results 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 15.56% and a net margin of 4.52%. On average, research analysts anticipate that Criteo S.A. will post 2.67 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Gleason sold 3,135 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,541 shares of company stock valued at $860,406 over the last quarter. Company insiders own 1.71% of the company's stock.

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.