Wellington Management Group LLP Sells 22,898 Shares of Criteo S.A. (NASDAQ:CRTO)

Wellington Management Group LLP cut its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 722,850 shares of the information services provider's stock after selling 22,898 shares during the period. Wellington Management Group LLP owned approximately 1.31% of Criteo worth $28,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CRTO. CIBC Private Wealth Group LLC raised its holdings in shares of Criteo by 31.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock valued at $245,000 after purchasing an additional 1,490 shares during the period. Schroder Investment Management Group grew its position in shares of Criteo by 4,200.9% during the 4th quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after purchasing an additional 559,472 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Criteo by 10.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 697,146 shares of the information services provider's stock worth $27,579,000 after purchasing an additional 63,379 shares during the period. DnB Asset Management AS boosted its stake in shares of Criteo by 0.5% in the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock valued at $213,903,000 after buying an additional 28,536 shares during the period. Finally, LPL Financial LLC grew its position in Criteo by 15.1% during the fourth quarter. LPL Financial LLC now owns 19,235 shares of the information services provider's stock worth $761,000 after buying an additional 2,527 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

Insider Transactions at Criteo

In related news, CEO Megan Clarken sold 13,823 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This represents a 2.75 % 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, insider Brian Gleason sold 3,135 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the sale, the insider now directly owns 139,085 shares of the company's stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,363 shares of company stock worth $1,124,213. Corporate insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRTO. Morgan Stanley raised their price target on shares of Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday. DA Davidson upped their price target on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. StockNews.com downgraded Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company increased their price target on Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.80.

Criteo Price Performance

Criteo stock traded down $0.62 during trading hours on Friday, reaching $28.39. The stock had a trading volume of 411,460 shares, compared to its average volume of 429,254. The stock has a market cap of $1.64 billion, a PE ratio of 16.90 and a beta of 0.74. The company has a fifty day simple moving average of $37.48 and a 200-day simple moving average of $38.80. Criteo S.A. has a 52 week low of $27.50 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 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%. Research analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

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.