HighTower Advisors LLC Has $7.22 Million Position in Criteo S.A. (NASDAQ:CRTO)

HighTower Advisors LLC raised its stake in Criteo S.A. (NASDAQ:CRTO) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,578 shares of the information services provider’s stock after acquiring an additional 38,924 shares during the period. HighTower Advisors LLC owned approximately 0.33% of Criteo worth $7,223,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Palumbo Wealth Management LLC acquired a new stake in shares of Criteo during the 4th quarter worth approximately $208,000. Blue Trust Inc. boosted its holdings in shares of Criteo by 51.9% in the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 1,916 shares in the last quarter. Assetmark Inc. increased its stake in shares of Criteo by 9.9% in the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock valued at $244,000 after purchasing an additional 558 shares during the last quarter. Barclays PLC raised its holdings 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 in the last quarter. Finally, Atria Investments Inc bought a new stake in shares of Criteo during the 3rd quarter worth $250,000. 94.27% of the stock is currently owned by institutional investors.

Criteo Trading Down 1.3 %

Shares of CRTO opened at $34.95 on Wednesday. The stock’s 50-day moving average price is $39.30 and its two-hundred day moving average price is $40.17. Criteo S.A. has a 12 month low of $33.15 and a 12 month high of $49.93. The company has a market capitalization of $2.02 billion, a PE ratio of 20.80 and a beta of 0.98.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 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%. Equities research analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now owns 137,161 shares in the company, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock worth $1,124,213 over the last three months. 1.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRTO shares. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 target price (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Wells Fargo & Company boosted their target price on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets increased their price target on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

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.