Schroder Investment Management Group Grows 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% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 572,790 shares of the information services provider’s stock after acquiring an additional 559,472 shares during the quarter. Schroder Investment Management Group owned 1.04% of Criteo worth $22,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Waterfront Wealth Inc. lifted its position in Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock valued at $1,945,000 after purchasing an additional 335 shares during the last quarter. Geode Capital Management LLC raised its holdings in Criteo by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after buying an additional 518 shares during the last quarter. Assetmark Inc. boosted its position in Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock valued at $244,000 after buying an additional 558 shares during the period. Barclays PLC grew its holdings in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Blue Trust Inc. increased its position 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 valued at $226,000 after acquiring an additional 1,916 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRTO. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their target price on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $61.00 price objective (up from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Criteo has an average rating of “Moderate Buy” and an average target price of $52.90.

Insiders Place Their Bets

In other Criteo news, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the transaction, the insider now directly owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is currently owned by corporate insiders.

Criteo Trading Up 0.1 %

Shares of Criteo stock opened at $35.65 on Thursday. Criteo S.A. has a 12 month low of $33.15 and a 12 month high of $49.93. The firm has a market capitalization of $2.06 billion, a P/E ratio of 21.22 and a beta of 0.98. The business has a fifty day simple moving average of $38.95 and a two-hundred day simple moving average of $39.56.

Criteo (NASDAQ:CRTO) last issued its quarterly 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 predict that Criteo S.A. will post 3.09 earnings per share for the current 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.