Congress Wealth Management LLC DE Lowers Position in Criteo S.A. (NASDAQ:CRTO)

Congress Wealth Management LLC DE trimmed its position in shares of Criteo S.A. (NASDAQ:CRTO) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,598 shares of the information services provider’s stock after selling 39,955 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Criteo were worth $5,166,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Whale Rock Capital Management LLC increased its holdings in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after buying an additional 1,756,507 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock valued at $39,348,000 after purchasing an additional 992,180 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Criteo by 42.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after purchasing an additional 547,718 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Criteo during the third quarter worth approximately $6,676,000. Finally, BNP Paribas Financial Markets grew its holdings in Criteo by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after purchasing an additional 103,593 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several research analyst reports. Morgan Stanley upped their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. DA Davidson boosted their target price on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, BMO Capital Markets boosted their price objective on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.90.

Insiders Place Their Bets

In other Criteo 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 transaction 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. This represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 3,135 shares of the 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 sale, the insider now directly owns 139,085 shares in the company, valued at $5,139,190.75. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock valued at $1,124,213 over the last 90 days. 1.71% of the stock is owned by company insiders.

Criteo Stock Performance

Shares of Criteo stock opened at $37.65 on Wednesday. The business’s 50 day moving average price is $39.18 and its 200 day moving average price is $39.87. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 22.41 and a beta of 0.98. Criteo S.A. has a one year low of $33.15 and a one year high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly 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%. On average, analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

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.