Neuberger Berman Group LLC Boosts Stock Position in Criteo S.A. (NASDAQ:CRTO)

Neuberger Berman Group LLC raised its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 7.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,075,995 shares of the information services provider’s stock after purchasing an additional 399,977 shares during the period. Neuberger Berman Group LLC owned about 0.11% of Criteo worth $240,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after acquiring an additional 1,455 shares during the last quarter. Palumbo Wealth Management LLC acquired a new position in Criteo during the 4th quarter valued at approximately $208,000. Trexquant Investment LP purchased a new stake in Criteo during the fourth quarter worth $220,000. Blue Trust Inc. lifted its holdings in Criteo by 51.9% during the fourth 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 in the last quarter. Finally, Assetmark Inc. lifted 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 buying an additional 558 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Ratings Changes

CRTO has been the subject of several recent analyst reports. DA Davidson raised 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. JPMorgan Chase & Co. cut their price objective on shares of Criteo from $48.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Wells Fargo & Company raised their price objective on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley raised their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.80.

Criteo Stock Performance

Shares of Criteo stock opened at $31.39 on Thursday. The business’s 50 day simple moving average is $37.85 and its 200 day simple moving average is $38.99. Criteo S.A. has a 52-week low of $27.51 and a 52-week high of $49.93. The firm has a market cap of $1.81 billion, a PE ratio of 18.68 and a beta of 0.74.

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

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value 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 $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is owned by company insiders.

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.