Y Intercept Hong Kong Ltd Has $613,000 Position in Criteo S.A. $CRTO

Y Intercept Hong Kong Ltd lowered its holdings in Criteo S.A. (NASDAQ:CRTO) by 63.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,188 shares of the information services provider’s stock after selling 60,631 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Criteo were worth $613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Criteo by 7.6% during the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after buying an additional 629 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after acquiring an additional 940 shares in the last quarter. Invesco Ltd. lifted its stake in Criteo by 7.2% in the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after acquiring an additional 1,094 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC boosted its position in Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after acquiring an additional 1,222 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the transaction, the chief financial officer directly owned 431,879 shares in the company, valued at $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.52% of the company’s stock.

Criteo Stock Performance

NASDAQ:CRTO opened at $23.28 on Tuesday. The stock’s 50 day moving average price is $18.13 and its 200 day moving average price is $18.65. Criteo S.A. has a 52 week low of $15.57 and a 52 week high of $26.52. The company has a market capitalization of $1.17 billion, a P/E ratio of 10.88 and a beta of 0.30.

Criteo (NASDAQ:CRTO) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $424.64 million during the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. As a group, sell-side analysts forecast that Criteo S.A. will post 3.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRTO has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Stifel Nicolaus decreased their target price on shares of Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Citigroup restated a “buy” rating on shares of Criteo in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Criteo has an average rating of “Hold” and an average target price of $27.44.

Criteo Company Profile

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.