Palumbo Wealth Management LLC Takes $208,000 Position in Criteo S.A. (NASDAQ:CRTO)

Palumbo Wealth Management LLC purchased a new position in Criteo S.A. (NASDAQ:CRTO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,264 shares of the information services provider’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Senvest Management LLC raised its holdings in shares of Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares in the last quarter. Whale Rock Capital Management LLC grew its position 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 acquiring an additional 1,756,507 shares during the period. Lord Abbett & CO. LLC raised its stake in Criteo by 42.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after acquiring an additional 547,718 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of Criteo during the third quarter valued at $48,653,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Criteo by 31.0% in the 3rd 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 in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Down 0.6 %

Shares of CRTO opened at $43.72 on Friday. The stock’s fifty day simple moving average is $40.48 and its 200-day simple moving average is $41.55. The firm has a market capitalization of $2.41 billion, a PE ratio of 26.02 and a beta of 1.05. Criteo S.A. has a 12-month low of $30.76 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Analysts anticipate that Criteo S.A. will post 2.62 EPS for the current year.

Wall Street Analyst Weigh In

CRTO has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. DA Davidson lifted their target price on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $61.00 target price (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.90.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 1,520 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the sale, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now directly owns 509,145 shares in the company, valued at $20,549,092.20. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,845 shares of company stock worth $1,795,516 over the last ninety days. Company insiders own 1.71% of the company’s stock.

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.