Campbell & CO Investment Adviser LLC Cuts Holdings in Criteo S.A. (NASDAQ:CRTO)

Campbell & CO Investment Adviser LLC decreased its stake in shares of Criteo S.A. (NASDAQ:CRTOGet Rating) by 32.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,800 shares of the information services provider’s stock after selling 9,600 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Criteo were worth $770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRTO. Principal Financial Group Inc. increased its holdings in Criteo by 397.5% during the 4th quarter. Principal Financial Group Inc. now owns 994,814 shares of the information services provider’s stock worth $38,668,000 after purchasing an additional 794,859 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Criteo during the 4th quarter worth about $16,431,000. Alliancebernstein L.P. boosted its position in shares of Criteo by 13.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,297,464 shares of the information services provider’s stock worth $120,852,000 after acquiring an additional 390,207 shares in the last quarter. FMR LLC boosted its position in shares of Criteo by 89.7% during the 1st quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock worth $16,485,000 after acquiring an additional 389,100 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Criteo by 18.7% during the 3rd quarter. Invesco Ltd. now owns 2,276,944 shares of the information services provider’s stock worth $83,450,000 after acquiring an additional 358,126 shares in the last quarter. Institutional investors own 93.28% of the company’s stock.

CRTO traded down $0.16 on Tuesday, hitting $24.81. 6,258 shares of the company traded hands, compared to its average volume of 394,267. Criteo S.A. has a 12-month low of $23.72 and a 12-month high of $46.65. The company has a 50 day moving average of $26.72 and a 200-day moving average of $33.19. The stock has a market capitalization of $1.50 billion, a PE ratio of 12.19 and a beta of 0.95.

Criteo (NASDAQ:CRTOGet Rating) last released its earnings results on Wednesday, May 4th. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Criteo had a return on equity of 14.46% and a net margin of 5.97%. The business had revenue of $217.00 million for the quarter, compared to analyst estimates of $217.80 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts expect that Criteo S.A. will post 2.26 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Criteo from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 29th. Benchmark started coverage on Criteo in a research report on Tuesday, March 1st. They set a “buy” rating and a $45.00 price objective for the company. StockNews.com assumed coverage on Criteo in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research upgraded Criteo from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, TheStreet cut Criteo from a “b” rating to a “c+” rating in a research note on Wednesday, April 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $45.50.

In other Criteo news, CEO Megan Clarken sold 2,339 shares of the company’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $26.37, for a total transaction of $61,679.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 2,654 shares of company stock worth $71,358 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

Criteo Profile (Get Rating)

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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