State of New Jersey Common Pension Fund D Sells 5,607 Shares of Criteo S.A. (NASDAQ:CRTO)

State of New Jersey Common Pension Fund D trimmed its stake in Criteo S.A. (NASDAQ:CRTO) by 32.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,712 shares of the information services provider’s stock after selling 5,607 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Criteo were worth $442,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRTO. GAMMA Investing LLC increased its position in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after purchasing an additional 682 shares during the last quarter. Waterfront Wealth Inc. lifted 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 in the last quarter. Covestor Ltd lifted its holdings in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Criteo by 0.8% during the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after buying an additional 768 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRTO shares. DA Davidson upgraded Criteo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $43.00 to $58.00 in a research note on Tuesday, August 6th. Susquehanna raised their target price on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Criteo has an average rating of “Moderate Buy” and an average target price of $50.11.

Criteo Stock Up 0.4 %

NASDAQ CRTO opened at $42.19 on Thursday. Criteo S.A. has a 52 week low of $22.10 and a 52 week high of $49.93. The company has a 50 day moving average price of $45.31 and a 200 day moving average price of $39.76. The firm has a market cap of $2.36 billion, a PE ratio of 43.50 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company’s revenue was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Criteo 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.