Voya Investment Management LLC lessened its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 13.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,065,812 shares of the information services provider's stock after selling 475,400 shares during the period. Voya Investment Management LLC owned approximately 5.31% of Criteo worth $121,284,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after acquiring an additional 1,455 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in Criteo in the fourth quarter worth about $208,000. Trexquant Investment LP bought a new position in shares of Criteo during the fourth quarter valued at approximately $220,000. Blue Trust Inc. raised its holdings in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after buying an additional 1,916 shares during the period. Finally, Assetmark Inc. increased its stake in Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after purchasing an additional 558 shares during the period. 94.27% of the stock is currently owned by institutional investors.
Insider Activity at Criteo
In related news, CEO Megan Clarken sold 7,481 shares of the business's 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 completion of the sale, the chief executive officer now owns 502,052 shares of the company's stock, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock worth $1,124,213 in the last 90 days. Corporate insiders own 1.71% of the company's stock.
Criteo Trading Down 1.9 %
Shares of CRTO stock traded down $0.68 during mid-day trading on Monday, reaching $34.22. The stock had a trading volume of 365,701 shares, compared to its average volume of 429,778. The business's fifty day moving average is $34.56 and its 200-day moving average is $38.12. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 20.37 and a beta of 0.74. Criteo S.A. has a 1-year low of $27.46 and a 1-year high of $49.93.
Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating 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, analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CRTO. Morgan Stanley dropped their price objective on Criteo from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Citigroup reaffirmed an "underperform" rating on shares of Criteo in a research report on Friday. StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on Criteo from $48.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, BMO Capital Markets boosted their price target on Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Criteo currently has a consensus rating of "Hold" and a consensus target price of $49.64.
Get Our Latest Stock Analysis on CRTO
Criteo Company Profile
(
Free Report)
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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