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

VELA Investment Management LLC trimmed its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 96,845 shares of the information services provider’s stock after selling 2,500 shares during the period. Criteo accounts for approximately 1.1% of VELA Investment Management LLC’s holdings, making the stock its 22nd largest holding. VELA Investment Management LLC’s holdings in Criteo were worth $3,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cadian Capital Management LP raised its position in Criteo by 70.4% during the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after acquiring an additional 1,751,511 shares during the period. Acadian Asset Management LLC raised its position in shares of Criteo by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock worth $76,972,000 after purchasing an additional 6,698 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after buying an additional 37,364 shares in the last quarter. Orchard Capital Management LLC boosted its holdings in Criteo by 3.2% in the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after buying an additional 14,281 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Criteo by 23.3% in the 1st quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock worth $7,014,000 after buying an additional 37,844 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Price Performance

Criteo stock opened at $44.74 on Friday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 46.12 and a beta of 0.99. The firm has a 50 day simple moving average of $44.32 and a 200-day simple moving average of $38.70. Criteo S.A. has a 1-year low of $22.10 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The company had revenue of $471.31 million during the quarter, compared to analysts’ expectations of $263.64 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts expect that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the transaction, the chief financial officer now owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Macquarie raised their target price on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Benchmark lifted their target price on shares of Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets boosted their price target on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.80.

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.