CIBC Private Wealth Group LLC Acquires 1,490 Shares of Criteo S.A. (NASDAQ:CRTO)

CIBC Private Wealth Group LLC increased its holdings in Criteo S.A. (NASDAQ:CRTO) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,258 shares of the information services provider’s stock after purchasing an additional 1,490 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Criteo were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CRTO. Charles Schwab Investment Management Inc. increased its holdings in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after buying an additional 21,509 shares during the period. Stifel Financial Corp increased its stake in Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after purchasing an additional 15,067 shares during the period. JPMorgan Chase & Co. lifted its position in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Barclays PLC lifted its position in 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 during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Criteo by 681.8% during the third quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider’s stock valued at $1,038,000 after purchasing an additional 22,500 shares during the period. 94.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Criteo Stock Down 7.8 %

Shares of CRTO stock opened at $30.06 on Monday. The business’s fifty day moving average is $38.69 and its 200 day moving average is $39.39. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 17.89 and a beta of 0.98. Criteo S.A. has a twelve month low of $29.72 and a twelve 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 for the quarter, topping 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%. Equities research analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In related news, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now owns 139,085 shares of the company’s stock, valued at $5,139,190.75. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares of the company’s stock, valued at $21,267,255.24. The trade was a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,363 shares of company stock valued at $1,124,213. Corporate 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.