JPMorgan Chase & Co. Increases Stock Position in Criteo S.A. (NASDAQ:CRTO)

JPMorgan Chase & Co. increased its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 31.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 337,880 shares of the information services provider’s stock after purchasing an additional 80,424 shares during the quarter. JPMorgan Chase & Co. owned 0.61% of Criteo worth $13,596,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. USA Financial Formulas purchased a new stake in shares of Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC acquired a new position in Criteo in the third quarter worth $50,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,250 shares during the period. GAMMA Investing LLC grew its holdings in shares of Criteo by 117.8% during the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 869 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Criteo by 312.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Criteo Trading Down 5.5 %

Criteo stock opened at $36.97 on Friday. The company has a market capitalization of $2.04 billion, a P/E ratio of 25.15 and a beta of 1.06. Criteo S.A. has a 1-year low of $23.90 and a 1-year high of $49.93. The firm’s fifty day simple moving average is $39.85 and its 200-day simple moving average is $41.69.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the completion of the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Damon sold 2,793 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,765 shares of company stock worth $1,009,013 over the last three months. Corporate insiders own 1.71% of the company’s stock.

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.