Alliancebernstein L.P. Has $150.21 Million Position in Criteo S.A. (NASDAQ:CRTO)

Alliancebernstein L.P. raised its position in Criteo S.A. (NASDAQ:CRTO) by 38.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,796,975 shares of the information services provider’s stock after buying an additional 1,052,126 shares during the quarter. Alliancebernstein L.P. owned 6.88% of Criteo worth $150,208,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in shares of Criteo by 31.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider’s stock valued at $245,000 after acquiring an additional 1,490 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Criteo by 4,200.9% during the 4th quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider’s stock worth $22,493,000 after purchasing an additional 559,472 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Criteo by 10.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 697,146 shares of the information services provider’s stock worth $27,579,000 after purchasing an additional 63,379 shares during the period. DnB Asset Management AS raised its position in shares of Criteo by 0.5% in the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider’s stock valued at $213,903,000 after buying an additional 28,536 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Criteo by 15.1% in the fourth quarter. LPL Financial LLC now owns 19,235 shares of the information services provider’s stock valued at $761,000 after buying an additional 2,527 shares during the period. Institutional investors own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. 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 note on Thursday, February 6th. 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. DA Davidson upped their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley raised their target price on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company upped their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.90.

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $35.61 on Wednesday. Criteo S.A. has a one year low of $33.15 and a one year high of $49.93. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 21.20 and a beta of 0.98. The firm has a 50 day simple moving average of $39.00 and a 200 day simple moving average of $39.59.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, analysts expect that Criteo S.A. will post 3.09 EPS for the current year.

Insider Transactions at Criteo

In related news, CEO Megan Clarken sold 7,481 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the completion of the transaction, the chief executive officer now owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the transaction, the insider now owns 137,161 shares of the company’s stock, valued at approximately $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,363 shares of company stock worth $1,124,213. Insiders own 1.71% of the company’s stock.

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.