JPMorgan Chase & Co. Buys 80,424 Shares of Criteo S.A. (NASDAQ:CRTO)

JPMorgan Chase & Co. raised its position in Criteo S.A. (NASDAQ:CRTO) by 31.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 337,880 shares of the information services provider’s stock after buying an additional 80,424 shares during the quarter. JPMorgan Chase & Co.’s holdings in Criteo were worth $13,596,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. USA Financial Formulas acquired a new position in shares of Criteo during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC acquired a new position in Criteo in the 3rd quarter valued at $50,000. EverSource Wealth Advisors LLC increased its position 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 period. GAMMA Investing LLC lifted its holdings in shares of Criteo by 117.8% during the third 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 in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Criteo by 312.5% in the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,885 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, the insider now directly owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,765 shares of company stock valued at $1,009,013. 1.71% of the stock is currently owned by corporate insiders.

Criteo Stock Down 5.5 %

Shares of CRTO stock opened at $36.97 on Friday. The business has a fifty day simple moving average of $39.85 and a 200 day simple moving average of $41.69. The company has a market cap of $2.04 billion, a P/E ratio of 25.15 and a beta of 1.06. Criteo S.A. has a twelve month low of $23.90 and a twelve month high of $49.93.

Analyst Ratings Changes

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

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.