Criteo S.A. (NASDAQ:CRTO) Holdings Raised by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its position in Criteo S.A. (NASDAQ:CRTO) by 42.0% in the third quarter, HoldingsChannel.com reports. The firm owned 1,853,068 shares of the information services provider’s stock after purchasing an additional 547,718 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Criteo were worth $74,567,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its position in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after acquiring an additional 424 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after purchasing an additional 518 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after purchasing an additional 518 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after purchasing an additional 686 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Criteo during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analysts Set New Price Targets

CRTO has been the topic of several research reports. Susquehanna dropped their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, DA Davidson cut their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Insider Activity

In other news, insider Ryan Damon sold 2,885 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now directly owns 118,334 shares of the company’s stock, valued at approximately $4,775,960.24. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Megan Clarken sold 9,284 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,765 shares of company stock worth $1,009,013 in the last 90 days. Company insiders own 1.71% of the company’s stock.

Criteo Trading Down 0.2 %

Shares of Criteo stock opened at $42.57 on Friday. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93. The company has a market cap of $2.35 billion, a P/E ratio of 28.96 and a beta of 1.05. The stock has a 50-day moving average price of $39.60 and a 200 day moving average price of $41.22.

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.