Criteo S.A. (NASDAQ:CRTO) Shares Acquired by VELA Investment Management LLC

VELA Investment Management LLC grew its stake in Criteo S.A. (NASDAQ:CRTO) by 40.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,986 shares of the information services provider’s stock after acquiring an additional 45,362 shares during the quarter. Criteo comprises approximately 1.7% of VELA Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. VELA Investment Management LLC owned about 0.28% of Criteo worth $6,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CRTO. Whale Rock Capital Management LLC increased its stake in shares of Criteo by 230.1% in 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 acquiring an additional 1,756,507 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of Criteo in the 3rd quarter worth $48,653,000. Lord Abbett & CO. LLC increased its stake in shares of Criteo by 42.0% in 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 acquiring an additional 547,718 shares during the last quarter. Senvest Management LLC increased 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 worth $116,526,000 after acquiring an additional 475,530 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Criteo in the 3rd quarter worth $6,676,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CRTO shares. Morgan Stanley raised their price objective on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets raised their price objective on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Wells Fargo & Company raised their price objective on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Susquehanna cut their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Criteo presently has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Insider Activity

In related news, CEO Megan Clarken sold 7,481 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now owns 502,052 shares in the company, valued at $22,346,334.52. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the sale, the insider now owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,156 shares of company stock worth $1,243,028. 1.71% of the stock is currently owned by company insiders.

Criteo Price Performance

Shares of Criteo stock opened at $38.26 on Friday. The business has a 50-day moving average of $40.37 and a 200 day moving average of $41.34. Criteo S.A. has a 12 month low of $32.14 and a 12 month high of $49.93. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 22.77 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Equities research analysts anticipate that Criteo S.A. will post 3.09 earnings per share 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.