Wellington Management Group LLP Sells 135,481 Shares of Criteo S.A. (NASDAQ:CRTO)

Wellington Management Group LLP lessened its holdings in Criteo S.A. (NASDAQ:CRTO) by 14.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 803,505 shares of the information services provider’s stock after selling 135,481 shares during the period. Wellington Management Group LLP owned about 1.31% of Criteo worth $20,345,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Citigroup Inc. bought a new stake in Criteo during the 3rd quarter worth approximately $33,000. Barometer Capital Management Inc. bought a new stake in Criteo during the 4th quarter worth approximately $119,000. FNY Investment Advisers LLC raised its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after acquiring an additional 4,500 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Criteo by 7.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after acquiring an additional 822 shares during the period. Finally, Pale Fire Capital SE bought a new stake in Criteo during the 4th quarter worth approximately $443,000. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

CRTO stock opened at $35.70 on Wednesday. The firm has a fifty day moving average price of $37.02 and a 200 day moving average price of $32.29. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $39.97. The firm has a market cap of $2.02 billion, a PE ratio of 36.80 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. Criteo had a net margin of 2.96% and a return on equity of 12.33%. The firm had revenue of $253.89 million during the quarter, compared to analyst estimates of $246.10 million. On average, equities analysts predict that Criteo S.A. will post 2.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. BMO Capital Markets upgraded shares of Criteo from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $31.00 to $45.00 in a research note on Friday, May 24th. KeyCorp raised their target price on shares of Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Susquehanna increased their price objective on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Criteo in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.44.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 946 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $38.99, for a total value of $36,884.54. Following the completion of the transaction, the insider now directly owns 153,623 shares of the company’s stock, valued at $5,989,760.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Criteo news, insider Ryan Damon sold 946 shares of Criteo stock in a transaction on Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $36,884.54. Following the completion of the transaction, the insider now directly owns 153,623 shares of the company’s stock, valued at $5,989,760.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Till Hufnagel acquired 6,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of $37.67 per share, with a total value of $226,020.00. Following the completion of the purchase, the insider now directly owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 41,672 shares of company stock valued at $1,561,239. 1.71% of the stock is owned by corporate insiders.

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.