Rhumbline Advisers Trims Holdings in Criteo S.A. (NASDAQ:CRTO)

Rhumbline Advisers decreased its position in shares of Criteo S.A. (NASDAQ:CRTO) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,134 shares of the information services provider’s stock after selling 1,037 shares during the quarter. Rhumbline Advisers’ holdings in Criteo were worth $164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in Criteo during the third quarter valued at about $50,000. Blue Trust Inc. raised its stake in shares of Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock worth $226,000 after purchasing an additional 1,916 shares during the last quarter. Assetmark Inc. raised its position in Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 424 shares in the last quarter. Barclays PLC raised its position in Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in Criteo during the third quarter valued at approximately $250,000. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

NASDAQ CRTO opened at $35.36 on Tuesday. The stock’s fifty day moving average is $39.92 and its two-hundred day moving average is $40.79. The firm has a market capitalization of $2.04 billion, a P/E ratio of 21.05 and a beta of 0.98. Criteo S.A. has a fifty-two week low of $32.71 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, sell-side analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a research report on Thursday, February 6th. BMO Capital Markets lifted their price target on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. DA Davidson lifted their price target on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley lifted their price target on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Insider Buying and Selling at Criteo

In related news, CEO Megan Clarken sold 13,823 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 2,793 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares in the company, valued at $4,919,580.84. This represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,156 shares of company stock worth $1,243,028 over the last quarter. 1.71% of the stock is currently owned by company insiders.

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.