Waterfront Wealth Inc. Buys 335 Shares of Criteo S.A. (NASDAQ:CRTO)

Waterfront Wealth Inc. grew its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,161 shares of the information services provider’s stock after acquiring an additional 335 shares during the period. Waterfront Wealth Inc.’s holdings in Criteo were worth $1,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRTO. Whale Rock Capital Management LLC increased its position in shares of Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after buying an additional 1,756,507 shares during the period. Congress Asset Management Co. bought a new stake in shares of Criteo during the third quarter valued at about $48,653,000. Lord Abbett & CO. LLC increased its position in shares of Criteo by 42.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after purchasing an additional 547,718 shares during the last quarter. Senvest Management LLC increased its position in shares of Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after purchasing an additional 475,530 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Criteo in the third quarter worth approximately $6,676,000. 94.27% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares of the company’s stock, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 3,135 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 139,085 shares of the company’s stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,845 shares of company stock valued at $1,795,516. 1.71% of the stock is currently owned by company insiders.

Criteo Stock Performance

NASDAQ:CRTO opened at $43.86 on Friday. The firm has a market cap of $2.53 billion, a PE ratio of 26.11 and a beta of 1.05. Criteo S.A. has a fifty-two week low of $30.76 and a fifty-two week high of $49.93. The business has a 50 day moving average price of $40.62 and a 200-day moving average price of $41.53.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. Research analysts predict that Criteo S.A. will post 3.09 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.90.

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.