DnB Asset Management AS Buys 28,536 Shares of Criteo S.A. (NASDAQ:CRTO)

DnB Asset Management AS increased its holdings in Criteo S.A. (NASDAQ:CRTO) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,407,057 shares of the information services provider’s stock after buying an additional 28,536 shares during the period. Criteo accounts for approximately 0.9% of DnB Asset Management AS’s portfolio, making the stock its 18th largest holding. DnB Asset Management AS owned approximately 0.10% of Criteo worth $213,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Waterfront Wealth Inc. increased its holdings in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock valued at $1,945,000 after purchasing an additional 335 shares during the period. Geode Capital Management LLC lifted its stake in shares of Criteo by 1.1% in the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after buying an additional 518 shares in the last quarter. Assetmark Inc. raised its stake in shares of Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock worth $244,000 after purchasing an additional 558 shares during the last quarter. Barclays PLC raised its stake in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after buying an additional 1,787 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Criteo by 51.9% during 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 during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares of the company’s stock, valued at $22,346,334.52. The trade was a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the sale, the insider now directly owns 139,085 shares of the company’s stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,363 shares of company stock valued at $1,124,213. Insiders own 1.71% of the company’s stock.

Criteo Stock Down 1.2 %

Shares of NASDAQ CRTO opened at $36.64 on Friday. Criteo S.A. has a 52 week low of $33.15 and a 52 week high of $49.93. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.81 and a beta of 0.98. The firm has a 50-day moving average price of $39.15 and a 200 day moving average price of $39.82.

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

Analysts Set New Price Targets

CRTO has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. DA Davidson lifted their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upped their target price on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus price target 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.