Two Sigma Advisers LP Reduces Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Two Sigma Advisers LP lessened its stake in Criteo S.A. (NASDAQ:CRTO) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 278,200 shares of the information services provider’s stock after selling 124,700 shares during the quarter. Two Sigma Advisers LP owned about 0.50% of Criteo worth $11,195,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the period. USA Financial Formulas purchased a new position in Criteo in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC acquired a new stake in shares of Criteo during the third quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its stake in shares of Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,823 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Damon sold 2,885 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 $116,438.60. Following the completion of the transaction, the insider now directly owns 118,334 shares of the company’s stock, valued at approximately $4,775,960.24. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,972 shares of company stock valued at $890,198 in the last ninety days. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRTO shares. Susquehanna lowered their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company initiated coverage on Criteo in a research report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company. DA Davidson reduced their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Benchmark restated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.67.

Criteo Stock Performance

Criteo stock opened at $42.42 on Tuesday. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The company has a 50-day simple moving average of $39.37 and a 200-day simple moving average of $41.14. The firm has a market capitalization of $2.34 billion, a P/E ratio of 28.86 and a beta of 1.05.

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.