Charles Schwab Investment Management Inc. Increases Position in Criteo S.A. (NASDAQ:CRTO)

Charles Schwab Investment Management Inc. boosted its position in Criteo S.A. (NASDAQ:CRTO) by 80.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,395 shares of the information services provider’s stock after acquiring an additional 21,509 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.09% of Criteo worth $1,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CRTO. USA Financial Formulas purchased a new position in shares of Criteo in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in Criteo in the third quarter worth approximately $50,000. EverSource Wealth Advisors LLC grew its position in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,823 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after acquiring an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

CRTO has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. DA Davidson lowered their target price on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Susquehanna dropped their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company began coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.67.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 2,885 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, the insider now directly owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the sale, the chief executive officer now owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,765 shares of company stock worth $1,009,013 over the last quarter. 1.71% of the stock is owned by corporate insiders.

Criteo Stock Performance

NASDAQ CRTO opened at $42.40 on Tuesday. The stock has a market cap of $2.34 billion, a P/E ratio of 28.84 and a beta of 1.05. Criteo S.A. has a fifty-two week low of $23.87 and a fifty-two week high of $49.93. The stock has a 50 day simple moving average of $39.66 and a two-hundred day simple moving average of $41.26.

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.