Lord Abbett & CO. LLC Trims Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Lord Abbett & CO. LLC cut its holdings in Criteo S.A. (NASDAQ:CRTO) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,093,230 shares of the information services provider’s stock after selling 759,838 shares during the period. Lord Abbett & CO. LLC owned 1.89% of Criteo worth $43,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after purchasing an additional 80,424 shares in the last quarter. Barclays PLC lifted its stake in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after purchasing an additional 1,787 shares in the last quarter. 272 Capital LP purchased a new stake in Criteo in the 3rd quarter worth approximately $1,141,000. KBC Group NV purchased a new position in shares of Criteo during the 4th quarter valued at $2,887,000. Finally, Blue Trust Inc. raised its position 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 buying an additional 1,916 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Insider Activity at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was 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 approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the sale, the insider now owns 139,085 shares in the company, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,363 shares of company stock worth $1,124,213 over the last 90 days. 1.71% of the stock is owned by company insiders.

Criteo Trading Up 2.7 %

Criteo stock opened at $34.90 on Friday. The firm has a 50-day moving average of $34.76 and a 200-day moving average of $38.20. The firm has a market cap of $2.02 billion, a P/E ratio of 20.77 and a beta of 0.74. Criteo S.A. has a 1-year low of $27.46 and a 1-year high of $49.93.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CRTO shares. JPMorgan Chase & Co. decreased their target price on Criteo from $48.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Citigroup reissued an “underperform” rating on shares of Criteo in a report on Friday. Benchmark restated a “buy” rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Criteo in a research report on Friday. Finally, Stifel Nicolaus decreased their price target on shares of Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.64.

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.