US Bancorp DE Decreases Stake in Criteo S.A. (NASDAQ:CRTO)

US Bancorp DE reduced its stake in Criteo S.A. (NASDAQ:CRTO) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,570 shares of the information services provider’s stock after selling 5,145 shares during the quarter. US Bancorp DE owned about 0.21% of Criteo worth $4,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC acquired a new position in Criteo in the 4th quarter worth approximately $15,786,000. Acadian Asset Management LLC increased its holdings in Criteo by 31.0% in the 1st quarter. Acadian Asset Management LLC now owns 2,113,658 shares of the information services provider’s stock worth $66,553,000 after buying an additional 499,959 shares during the period. Royce & Associates LP acquired a new position in Criteo in the 1st quarter worth approximately $6,893,000. Weiss Multi Strategy Advisers LLC increased its holdings in Criteo by 45.4% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 479,208 shares of the information services provider’s stock worth $13,054,000 after buying an additional 149,670 shares during the period. Finally, Cannell Capital LLC increased its holdings in Criteo by 28.0% in the 1st quarter. Cannell Capital LLC now owns 635,990 shares of the information services provider’s stock worth $17,324,000 after buying an additional 139,131 shares during the period. 75.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 5,496 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $28.50, for a total value of $156,636.00. Following the completion of the sale, the chief executive officer now owns 419,739 shares of the company’s stock, valued at approximately $11,962,561.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Criteo news, CEO Megan Clarken sold 5,496 shares of Criteo stock in a transaction on Friday, August 25th. The shares were sold at an average price of $28.50, for a total transaction of $156,636.00. Following the sale, the chief executive officer now owns 419,739 shares of the company’s stock, valued at approximately $11,962,561.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $28.16, for a total transaction of $154,992.64. Following the sale, the chief financial officer now directly owns 253,328 shares in the company, valued at approximately $7,133,716.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,536 shares of company stock valued at $848,814. 1.10% of the stock is owned by corporate insiders.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $24.38 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 203.17 and a beta of 0.97. The firm has a fifty day moving average of $27.38 and a 200 day moving average of $30.36. Criteo S.A. has a one year low of $22.10 and a one year high of $36.76.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRTO. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price target on shares of Criteo in a report on Wednesday, September 13th. Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of Criteo in a research note on Wednesday, September 13th. KeyCorp began coverage on shares of Criteo in a report on Tuesday, October 24th. They set an “overweight” rating and a $40.00 target price for the company. StockNews.com began coverage on shares of Criteo in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Susquehanna cut their target price on shares of Criteo from $36.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Criteo currently has a consensus rating of “Hold” and a consensus target price of $36.56.

Criteo Company 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.