Geode Capital Management LLC Increases Position in Criteo S.A. (NASDAQ:CRTO)

Geode Capital Management LLC raised its holdings in Criteo S.A. (NASDAQ:CRTO) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,429 shares of the information services provider’s stock after acquiring an additional 3,286 shares during the quarter. Geode Capital Management LLC owned 0.10% of Criteo worth $2,074,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CRTO. JPMorgan Chase & Co. boosted its stake in shares of Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Barclays PLC lifted its holdings in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after buying an additional 1,787 shares during the last quarter. 272 Capital LP acquired a new stake in shares of Criteo during the 3rd quarter worth approximately $1,141,000. KBC Group NV acquired a new position in Criteo during the 4th quarter valued at about $2,887,000. Finally, Blue Trust Inc. increased its stake in Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock valued at $226,000 after buying an additional 1,916 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian Gleason sold 2,841 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the transaction, the insider now directly owns 157,450 shares in the company, valued at approximately $5,335,980.50. This represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now owns 488,229 shares of the company’s stock, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,069 shares of company stock worth $1,104,657. 1.71% of the stock is currently owned by company insiders.

Criteo Trading Up 0.7 %

Criteo stock opened at $34.46 on Wednesday. The company has a market cap of $1.99 billion, a P/E ratio of 20.51 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. The company has a fifty day simple moving average of $34.37 and a 200 day simple moving average of $38.09.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CRTO shares. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Stifel Nicolaus dropped their target price on shares of Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on Criteo from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company restated an “equal weight” rating on shares of Criteo in a research note on Friday. Finally, Citigroup reissued an “underperform” rating on shares of Criteo in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.64.

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.