Lord Abbett & CO. LLC Lowers Holdings in Criteo S.A. (NASDAQ:CRTO)

Lord Abbett & CO. LLC reduced its stake in Criteo S.A. (NASDAQ:CRTO) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,093,230 shares of the information services provider’s stock after selling 759,838 shares during the period. Lord Abbett & CO. LLC’s holdings in Criteo were worth $43,248,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after purchasing an additional 1,455 shares in the last quarter. Palumbo Wealth Management LLC purchased a new position in Criteo in the 4th quarter worth approximately $208,000. Trexquant Investment LP bought a new position in Criteo in the 4th quarter valued at approximately $220,000. Blue Trust Inc. increased its holdings in shares of Criteo by 51.9% in the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock worth $226,000 after purchasing an additional 1,916 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock worth $244,000 after purchasing an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Wells Fargo & Company reissued an “equal weight” rating on shares of Criteo in a report on Friday. Morgan Stanley reduced their price objective on Criteo from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Benchmark reaffirmed a “buy” rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Finally, DA Davidson raised their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.64.

Insiders Place Their Bets

In other news, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the transaction, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,363 shares of company stock worth $1,124,213 in the last three months. 1.71% of the stock is owned by company insiders.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $34.90 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 fifty day moving average price of $34.76 and a 200-day moving average price of $38.20. The stock has a market cap of $2.02 billion, a PE ratio of 20.77 and a beta of 0.74.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, research analysts expect that Criteo S.A. will post 3.09 EPS 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.