MML Investors Services LLC Makes New $275,000 Investment in Criteo S.A. (NASDAQ:CRTO)

MML Investors Services LLC acquired a new position in Criteo S.A. (NASDAQ:CRTO) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 6,841 shares of the information services provider’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRTO. Assetmark Inc. increased its position in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after buying an additional 424 shares in the last quarter. QRG Capital Management Inc. raised its stake in Criteo by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after acquiring an additional 518 shares during the period. Waterfront Wealth Inc. lifted its holdings in Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after purchasing an additional 686 shares in the last quarter. USA Financial Formulas bought a new position in shares of Criteo in the third quarter worth approximately $31,000. Finally, GAMMA Investing LLC boosted its position in shares of Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after purchasing an additional 869 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Stock Down 2.9 %

Criteo stock opened at $41.00 on Thursday. Criteo S.A. has a 52-week low of $23.87 and a 52-week high of $49.93. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 27.89 and a beta of 1.05. The firm’s fifty day moving average is $39.88 and its 200 day moving average is $41.43.

Insider Activity

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This trade represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,765 shares of company stock worth $1,009,013. 1.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on CRTO shares. Susquehanna decreased their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, November 19th. Wells Fargo & Company assumed coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target for the company. Finally, StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

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.