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) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,691 shares of the information services provider’s stock after selling 4,078 shares during the period. River Global Investors LLP owned 0.11% of Criteo worth $1,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Citigroup Inc. purchased a new position in Criteo in the third quarter valued at about $33,000. FNY Investment Advisers LLC grew its position in shares of Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after buying an additional 4,500 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Criteo by 13.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 10,528 shares of the information services provider’s stock worth $307,000 after purchasing an additional 1,248 shares during the period. QRG Capital Management Inc. acquired a new stake in Criteo during the 3rd quarter worth $339,000. Finally, CenterBook Partners LP lifted its holdings in shares of Criteo by 6.0% during the 3rd quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 766 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Ratings Changes

CRTO has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Criteo in a research report on Tuesday, April 30th. Susquehanna raised their price objective on Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. TheStreet upgraded shares of Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Finally, KeyCorp increased their price target on Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.11.

Criteo Price Performance

Criteo stock traded up $0.62 during mid-day trading on Friday, reaching $37.77. 209,207 shares of the company traded hands, compared to its average volume of 289,190. The firm’s fifty day moving average is $34.77 and its two-hundred day moving average is $29.14. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $39.54. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 38.94 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $0.94 by $0.30. The company had revenue of $316.38 million for the quarter, compared to analyst estimates of $300.35 million. Criteo had a net margin of 2.96% and a return on equity of 12.35%. As a group, equities research analysts predict that Criteo S.A. will post 2.3 earnings per share for the current year.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 9,653 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $315,556.57. Following the completion of the transaction, the chief financial officer now owns 293,019 shares of the company’s stock, valued at approximately $9,578,791.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total transaction of $191,975.00. Following the sale, the chief executive officer now owns 552,933 shares of the company’s stock, valued at $19,352,655. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 9,653 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $315,556.57. Following the completion of the sale, the chief financial officer now owns 293,019 shares in the company, valued at $9,578,791.11. The disclosure for this sale can be found here. Insiders have sold 88,607 shares of company stock valued at $2,932,315 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.