Geode Capital Management LLC Has $1.98 Million Position in Criteo S.A. (NASDAQ:CRTO)

Geode Capital Management LLC lifted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 1.1% in the third quarter, HoldingsChannel.com reports. The fund owned 49,143 shares of the information services provider’s stock after buying an additional 518 shares during the period. Geode Capital Management LLC’s holdings in Criteo were worth $1,978,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NINE MASTS CAPITAL Ltd bought a new stake in Criteo during the second quarter worth $415,000. Federated Hermes Inc. raised its holdings in shares of Criteo by 18.5% during the 2nd quarter. Federated Hermes Inc. now owns 56,550 shares of the information services provider’s stock worth $2,133,000 after buying an additional 8,823 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Criteo by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,527 shares of the information services provider’s stock worth $2,623,000 after buying an additional 976 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Criteo by 40.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,266 shares of the information services provider’s stock valued at $538,000 after buying an additional 4,142 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in Criteo in the second quarter valued at about $819,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report 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. Susquehanna reduced their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, DA Davidson reduced their price target on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Criteo currently has a consensus rating of “Moderate Buy” and an average price target of $50.67.

Criteo Price Performance

Shares of CRTO opened at $39.12 on Thursday. The business has a 50-day moving average of $39.56 and a 200-day moving average of $41.68. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 26.61 and a beta of 1.06. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction 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 completion of the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 company insiders.

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.