Jane Street Group LLC Has $635,000 Stake in Criteo S.A. (NASDAQ:CRTO)

Jane Street Group LLC decreased its position in shares of Criteo S.A. (NASDAQ:CRTO) by 84.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,045 shares of the information services provider’s stock after selling 85,232 shares during the quarter. Jane Street Group LLC’s holdings in Criteo were worth $635,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRTO. The Manufacturers Life Insurance Company lifted its holdings in Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider’s stock worth $258,000 after buying an additional 971 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Criteo during the 4th quarter worth about $1,581,000. Intrinsic Edge Capital Management LLC acquired a new position in Criteo during the 4th quarter worth about $9,211,000. Two Sigma Securities LLC acquired a new position in Criteo during the 4th quarter worth about $210,000. Finally, Stifel Financial Corp lifted its holdings in Criteo by 9.3% during the 4th quarter. Stifel Financial Corp now owns 22,722 shares of the information services provider’s stock worth $899,000 after buying an additional 1,936 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Activity at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 157,450 shares of the company’s stock, valued at $5,335,980.50. The trade was a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on CRTO. Wall Street Zen downgraded Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Wells Fargo & Company cut their target price on Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on Criteo from $39.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. DA Davidson cut their target price on Criteo from $57.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Finally, Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

Criteo Trading Down 0.8%

CRTO stock opened at $26.29 on Tuesday. The stock has a 50-day moving average price of $31.08 and a 200-day moving average price of $36.76. Criteo S.A. has a 1-year low of $25.50 and a 1-year high of $49.93. The firm has a market cap of $1.52 billion, a PE ratio of 15.65 and a beta of 0.63.

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

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.