Deutsche Bank AG Purchases 15,203 Shares of Criteo S.A. (NASDAQ:CRTO)

Deutsche Bank AG raised its position in Criteo S.A. (NASDAQ:CRTO) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,072 shares of the information services provider’s stock after acquiring an additional 15,203 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Criteo worth $1,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after purchasing an additional 1,455 shares during the period. Palumbo Wealth Management LLC bought a new position in Criteo during the fourth quarter worth about $208,000. Two Sigma Securities LLC acquired a new position in Criteo during the fourth quarter worth approximately $210,000. Trexquant Investment LP bought a new stake in Criteo in the fourth quarter valued at approximately $220,000. Finally, Blue Trust Inc. raised its stake in Criteo by 51.9% in the fourth 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. Institutional investors own 94.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the sale, the insider now directly owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.66% of the company’s stock.

Criteo Stock Performance

CRTO opened at $26.29 on Friday. The stock has a fifty day moving average of $31.26 and a 200-day moving average of $36.80. The company has a market capitalization of $1.52 billion, a P/E ratio of 15.65 and a beta of 0.63. Criteo S.A. has a fifty-two week low of $25.50 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.33. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The business had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. During the same period last year, the firm earned $0.80 earnings per share. Criteo’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. BMO Capital Markets reduced their price objective on shares of Criteo from $60.00 to $49.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Wells Fargo & Company decreased their price objective on shares of Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Citigroup reissued an “underperform” rating on shares of Criteo in a research report on Friday, April 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and a consensus price target of $46.70.

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.