Sei Investments Co. Buys 43,576 Shares of Criteo S.A. (NASDAQ:CRTO)

Sei Investments Co. raised its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 36.6% in the 4th quarter, Holdings Channel reports. The firm owned 162,526 shares of the information services provider’s stock after acquiring an additional 43,576 shares during the period. Sei Investments Co.’s holdings in Criteo were worth $6,430,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Palumbo Wealth Management LLC bought a new position in Criteo during the fourth quarter valued at approximately $208,000. Blue Trust Inc. raised its holdings in shares of Criteo by 51.9% during the 4th 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 in the last quarter. Assetmark Inc. boosted its position in shares of 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 acquiring an additional 558 shares during the last quarter. Barclays PLC grew its holdings in shares of 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 purchasing an additional 1,787 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in Criteo in the third quarter worth $275,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CRTO. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. DA Davidson boosted their target price on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. BMO Capital Markets upped their price target on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.90.

Insiders Place Their Bets

In other Criteo news, insider Brian Gleason sold 1,924 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 13,823 shares of the firm’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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock worth $1,124,213 over the last 90 days. Company insiders own 1.71% of the company’s stock.

Criteo Trading Up 1.1 %

Shares of Criteo stock opened at $35.41 on Tuesday. The stock’s fifty day moving average price is $39.05 and its 200-day moving average price is $39.64. The firm has a market cap of $2.04 billion, a P/E ratio of 21.08 and a beta of 0.98. Criteo S.A. has a 12 month low of $33.15 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results 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%. Analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current year.

Criteo Company 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.