Barclays PLC Grows Position in Criteo S.A. (NASDAQ:CRTO)

Barclays PLC increased its position in shares of Criteo S.A. (NASDAQ:CRTO) by 40.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,186 shares of the information services provider’s stock after buying an additional 1,787 shares during the quarter. Barclays PLC’s holdings in Criteo were worth $249,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in Criteo during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC purchased a new position in Criteo during the 3rd quarter worth approximately $50,000. EverSource Wealth Advisors LLC grew its stake in Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares during the last quarter. GAMMA Investing LLC grew its stake in Criteo by 117.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Criteo by 312.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

CRTO has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price on the stock. Susquehanna lowered their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research note on Tuesday, November 19th. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, DA Davidson lowered their target price on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,765 shares of company stock worth $1,009,013 over the last three months. 1.71% of the stock is currently owned by corporate insiders.

Criteo Price Performance

Criteo stock opened at $41.30 on Monday. Criteo S.A. has a 1-year low of $23.87 and a 1-year high of $49.93. The company has a market cap of $2.28 billion, a PE ratio of 28.10 and a beta of 1.06. The stock’s 50 day moving average price is $39.64 and its 200 day moving average price is $41.62.

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.