KBC Group NV Has $2.49 Million Stock Position in Criteo S.A. (NASDAQ:CRTO)

KBC Group NV decreased its stake in Criteo S.A. (NASDAQ:CRTO) by 3.6% during the 1st quarter, HoldingsChannel reports. The fund owned 70,341 shares of the information services provider’s stock after selling 2,649 shares during the period. KBC Group NV’s holdings in Criteo were worth $2,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vega Investment Solutions bought a new position in Criteo in the fourth quarter worth $41,000. Wells Fargo & Company MN lifted its position in Criteo by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock worth $166,000 after purchasing an additional 1,455 shares during the period. Two Sigma Securities LLC bought a new position in Criteo in the fourth quarter worth $210,000. Trexquant Investment LP bought a new position in shares of Criteo during the fourth quarter valued at $220,000. Finally, Assetmark Inc. lifted its holdings in shares of Criteo by 9.9% during the fourth 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 period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Criteo from $39.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, May 5th. DA Davidson cut their price objective on Criteo from $57.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on Criteo from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Susquehanna cut their price target on Criteo from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley cut their price target on Criteo from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.70.

Insider Buying and Selling

In related news, insider Brian Gleason sold 2,486 shares of Criteo stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $64,163.66. Following the completion of the sale, the insider directly owned 154,964 shares in the company, valued at $3,999,620.84. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total value of $39,702.40. Following the completion of the sale, the chief financial officer owned 361,190 shares of the company’s stock, valued at approximately $9,434,282.80. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,707 shares of company stock worth $351,786 over the last three months. 1.66% of the stock is currently owned by company insiders.

Criteo Stock Up 2.0%

Shares of CRTO stock opened at $24.95 on Friday. The stock has a 50-day moving average price of $26.90 and a 200 day moving average price of $33.84. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 10.14 and a beta of 0.48. Criteo S.A. has a 12 month low of $23.24 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.33. The firm had revenue of $451.43 million during the quarter, compared to analyst estimates of $259.86 million. Criteo had a return on equity of 18.21% and a net margin of 7.41%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Sell-side analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

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.