Sylebra HK Co Ltd lessened its holdings in Criteo (NASDAQ:CRTO) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 877,593 shares of the information services provider’s stock after selling 252,776 shares during the period. Criteo makes up 1.9% of Sylebra HK Co Ltd’s investment portfolio, making the stock its 14th largest position. Sylebra HK Co Ltd owned 1.32% of Criteo worth $22,677,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Invictus RG purchased a new stake in Criteo during the 4th quarter worth about $362,000. United Capital Financial Advisers LLC increased its holdings in shares of Criteo by 51.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 24,120 shares of the information services provider’s stock valued at $623,000 after acquiring an additional 8,210 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Criteo in the 1st quarter valued at about $670,000. Profund Advisors LLC increased its holdings in shares of Criteo by 35.9% in the 4th quarter. Profund Advisors LLC now owns 30,024 shares of the information services provider’s stock valued at $782,000 after acquiring an additional 7,935 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of Criteo in the 1st quarter valued at about $829,000. 76.42% of the stock is currently owned by institutional investors and hedge funds.
Criteo traded up $0.04, reaching $29.69, during mid-day trading on Thursday, Marketbeat Ratings reports. 4,582 shares of the stock were exchanged, compared to its average volume of 893,243. Criteo has a 1 year low of $21.00 and a 1 year high of $53.79. The company has a market capitalization of $1.92 billion, a PE ratio of 18.19 and a beta of 1.86.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, May 2nd. The information services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Criteo had a return on equity of 14.52% and a net margin of 4.21%. The company had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $233.08 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. equities research analysts predict that Criteo will post 1.54 EPS for the current fiscal year.
A number of research analysts have recently commented on CRTO shares. ValuEngine downgraded Criteo from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Citigroup increased their price objective on Criteo from $32.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, March 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Criteo in a report on Wednesday, February 21st. Cowen reiterated a “hold” rating and issued a $29.00 price objective on shares of Criteo in a report on Thursday, February 15th. Finally, KeyCorp upgraded Criteo from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.88.
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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