Congress Asset Management Co. Cuts Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Congress Asset Management Co. lessened its position in Criteo S.A. (NASDAQ:CRTO) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,279 shares of the information services provider’s stock after selling 83,782 shares during the quarter. Congress Asset Management Co.’s holdings in Criteo were worth $44,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CRTO. Whale Rock Capital Management LLC raised its stake in Criteo by 230.1% in the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock valued at $74,567,000 after buying an additional 547,718 shares during the last quarter. Senvest Management LLC lifted its stake in shares of Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Criteo during the third quarter worth about $6,676,000. Finally, BNP Paribas Financial Markets grew its stake in Criteo by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after acquiring an additional 103,593 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their target price on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price target (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Finally, StockNews.com raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Trading Down 0.6 %

Shares of NASDAQ:CRTO opened at $43.72 on Friday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 26.02 and a beta of 1.05. Criteo S.A. has a 12-month low of $30.76 and a 12-month high of $49.93. The business has a 50-day moving average price of $40.48 and a 200 day moving average price of $41.55.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, equities research analysts predict that Criteo S.A. will post 2.62 earnings per share for the current fiscal year.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the transaction, the chief financial officer now owns 311,878 shares of the company’s stock, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now owns 488,229 shares of the company’s stock, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,845 shares of company stock worth $1,795,516. 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.