Waterfront Wealth Inc. Has $1.95 Million Position in Criteo S.A. (NASDAQ:CRTO)

Waterfront Wealth Inc. grew its stake in Criteo S.A. (NASDAQ:CRTO) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,161 shares of the information services provider’s stock after purchasing an additional 335 shares during the period. Waterfront Wealth Inc. owned about 0.09% of Criteo worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Senvest Management LLC boosted its stake in shares of Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after purchasing an additional 475,530 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in Criteo by 230.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after buying an additional 1,756,507 shares during the period. Lord Abbett & CO. LLC boosted its position in Criteo by 42.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after buying an additional 547,718 shares during the period. Congress Asset Management Co. acquired a new stake in Criteo during the 3rd quarter worth approximately $48,653,000. Finally, BNP Paribas Financial Markets boosted its position in Criteo by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock worth $17,602,000 after buying an additional 103,593 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Trading Down 1.0 %

Shares of CRTO stock opened at $43.86 on Friday. The firm has a market capitalization of $2.53 billion, a PE ratio of 26.11 and a beta of 1.05. The firm has a fifty day simple moving average of $40.62 and a two-hundred day simple moving average of $41.53. Criteo S.A. has a 12 month low of $30.76 and a 12 month high of $49.93.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRTO shares. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. Stifel Nicolaus restated a “buy” rating and issued a $61.00 price target (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Susquehanna dropped their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets lifted their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Criteo has an average rating of “Moderate Buy” and an average price target of $52.90.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 13,823 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah Js Glickman sold 1,520 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,845 shares of company stock valued at $1,795,516. 1.71% of the stock is owned by 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.