Criteo S.A. (NASDAQ:CRTO) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 13.4% in the fourth quarter, HoldingsChannel reports. The firm owned 3,065,812 shares of the information services provider’s stock after selling 475,400 shares during the period. Voya Investment Management LLC owned 0.05% of Criteo worth $121,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Waterfront Wealth Inc. lifted its holdings in shares of Criteo by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock valued at $1,945,000 after buying an additional 335 shares during the period. Geode Capital Management LLC raised its position in Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after acquiring an additional 518 shares in the last quarter. Assetmark Inc. raised its position in 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 in the last quarter. Wells Fargo & Company MN lifted its holdings 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 valued at $166,000 after acquiring an additional 1,455 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Criteo by 31.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider’s stock worth $245,000 after purchasing an additional 1,490 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Criteo

In related news, CEO Megan Clarken sold 7,481 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the transaction, the chief executive officer now directly owns 502,052 shares in the company, valued at approximately $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $73,265.92. Following the completion of the sale, the insider now owns 137,161 shares in the company, valued at approximately $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of Criteo from $48.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. DA Davidson lifted their price target on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley reduced their price target on Criteo from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Finally, BMO Capital Markets boosted their price objective on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.90.

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $33.97 on Friday. Criteo S.A. has a 1 year low of $27.46 and a 1 year high of $49.93. The firm has a market capitalization of $1.96 billion, a PE ratio of 20.22 and a beta of 0.74. The business’s 50 day moving average price is $34.96 and its 200-day moving average price is $38.24.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Criteo S.A. will post 3.09 earnings per share for the current year.

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.