Geode Capital Management LLC Has $1.98 Million Stake in Criteo S.A. (NASDAQ:CRTO)

Geode Capital Management LLC increased its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,143 shares of the information services provider’s stock after buying an additional 518 shares during the period. Geode Capital Management LLC owned 0.09% of Criteo worth $1,978,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CRTO. Barclays PLC grew its position in shares of 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 period. Public Employees Retirement System of Ohio acquired a new position in Criteo during the third quarter valued at approximately $6,676,000. MML Investors Services LLC bought a new stake in Criteo in the third quarter valued at approximately $275,000. Jane Street Group LLC raised its holdings in Criteo by 1,349.3% in the third quarter. Jane Street Group LLC now owns 101,277 shares of the information services provider’s stock worth $4,075,000 after purchasing an additional 94,289 shares during the period. Finally, Whale Rock Capital Management LLC raised its holdings in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after purchasing an additional 1,756,507 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Criteo Stock Up 0.7 %

NASDAQ:CRTO opened at $39.12 on Thursday. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 26.61 and a beta of 1.06. The stock’s 50 day moving average price is $39.56 and its two-hundred day moving average price is $41.68.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the completion of the sale, the chief financial officer now owns 311,878 shares in the company, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan Damon sold 2,793 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now owns 115,646 shares in the company, valued at $4,919,580.84. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,765 shares of company stock valued at $1,009,013. 1.71% of the stock is owned by corporate insiders.

About Criteo

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.