Acadian Asset Management LLC Reduces Position in Criteo S.A. (NASDAQ:CRTO)

Acadian Asset Management LLC trimmed its stake in Criteo S.A. (NASDAQ:CRTO) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,194,470 shares of the information services provider’s stock after selling 1,072 shares during the quarter. Acadian Asset Management LLC’s holdings in Criteo were worth $82,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CRTO. BNP Paribas Financial Markets raised its stake in Criteo by 85.6% in the 4th quarter. BNP Paribas Financial Markets now owns 162,167 shares of the information services provider’s stock valued at $4,106,000 after purchasing an additional 74,774 shares during the last quarter. Jump Financial LLC raised its position in shares of Criteo by 136.0% in the fourth quarter. Jump Financial LLC now owns 55,200 shares of the information services provider’s stock valued at $1,398,000 after buying an additional 31,807 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Criteo by 7.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after buying an additional 822 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Criteo during the fourth quarter worth approximately $660,000. Finally, Hsbc Holdings PLC purchased a new stake in Criteo in the 4th quarter worth approximately $1,580,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.71% of the company’s stock.

Criteo Stock Down 0.9 %

CRTO opened at $44.35 on Friday. The company has a 50 day moving average of $44.45 and a two-hundred day moving average of $38.84. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93. The company has a market cap of $2.51 billion, a P/E ratio of 45.72 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm had revenue of $471.31 million during the quarter, compared to analysts’ expectations of $263.64 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was up .5% on a year-over-year basis. Research analysts anticipate that Criteo S.A. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRTO. BMO Capital Markets boosted their price target on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Macquarie increased their target price on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $58.00 in a report on Tuesday, August 6th. Finally, Susquehanna boosted their target price on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

About Criteo

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.