Schroder Investment Management Group Increases Stock Position in Criteo S.A. (NASDAQ:CRTO)

Schroder Investment Management Group boosted its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 4,200.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,790 shares of the information services provider’s stock after purchasing an additional 559,472 shares during the period. Schroder Investment Management Group’s holdings in Criteo were worth $22,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRTO. Palumbo Wealth Management LLC purchased a new stake in Criteo during the 4th quarter valued at $208,000. Blue Trust Inc. grew its holdings 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 acquiring an additional 1,916 shares during the period. Assetmark Inc. increased its position in Criteo by 9.9% during the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock valued at $244,000 after acquiring an additional 558 shares during the last quarter. Barclays PLC lifted its holdings in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares during the period. Finally, MML Investors Services LLC purchased a new position in Criteo in the third quarter worth about $275,000. Institutional investors own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRTO. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research note on Thursday, February 6th. DA Davidson increased their price target 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. BMO Capital Markets lifted their price target 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. Benchmark reaffirmed a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Stock Performance

CRTO stock opened at $35.65 on Thursday. The company has a market capitalization of $2.06 billion, a PE ratio of 21.22 and a beta of 0.98. The company’s fifty day moving average price is $38.95 and its 200-day moving average price is $39.56. Criteo S.A. has a one year low of $33.15 and a one year high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data 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 net margin of 5.08% and a return on equity of 16.37%. On average, research analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Transactions at Criteo

In other news, CEO Megan Clarken sold 13,823 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 1,924 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the transaction, the insider now directly owns 137,161 shares of the company’s stock, 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 have sold 26,363 shares of company stock valued at $1,124,213 in the last ninety days. Corporate insiders own 1.71% of the company’s stock.

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.