Wellington Management Group LLP Sells 39,785 Shares of Criteo S.A. (NASDAQ:CRTO)

Wellington Management Group LLP lowered its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 745,748 shares of the information services provider's stock after selling 39,785 shares during the period. Wellington Management Group LLP owned approximately 1.35% of Criteo worth $30,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. raised its holdings in shares of Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider's stock valued at $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider's stock valued at $624,000 after purchasing an additional 518 shares during the period. Waterfront Wealth Inc. raised its holdings in shares of Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider's stock valued at $2,198,000 after purchasing an additional 686 shares during the period. USA Financial Formulas acquired a new position in shares of Criteo during the third quarter valued at about $31,000. Finally, GAMMA Investing LLC raised its holdings in shares of Criteo by 117.8% during the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider's stock valued at $65,000 after purchasing an additional 869 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRTO shares. DA Davidson decreased their target price on shares of Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Benchmark reaffirmed a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Susquehanna reduced their price objective 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. StockNews.com raised shares of Criteo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company assumed coverage on shares of Criteo in a research report on Monday, October 28th. They issued an "overweight" rating and a $70.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This represents a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of the 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 $374,702.24. Following the completion of the sale, the chief executive officer now owns 509,145 shares in the company, valued at $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,972 shares of company stock worth $890,198. 1.71% of the stock is owned by corporate insiders.

Criteo Trading Down 0.5 %

Shares of CRTO stock traded down $0.20 during trading on Friday, reaching $42.45. 103,981 shares of the company's stock traded hands, compared to its average volume of 381,873. The company has a market capitalization of $2.34 billion, a P/E ratio of 29.01 and a beta of 1.05. The firm's 50-day moving average is $39.55 and its 200 day moving average is $41.18. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93.

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.