OppenheimerFunds Inc. boosted its position in shares of Criteo S.A. (NASDAQ:CRTO) by 25.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 519,930 shares of the information services provider’s stock after buying an additional 105,570 shares during the period. OppenheimerFunds Inc. owned about 0.84% of Criteo worth $25,991,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in Criteo during the fourth quarter worth $4,586,000. Private Advisor Group LLC raised its stake in Criteo by 3.2% in the fourth quarter. Private Advisor Group LLC now owns 13,495 shares of the information services provider’s stock worth $603,000 after buying an additional 415 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in Criteo by 23.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 792,555 shares of the information services provider’s stock worth $32,558,000 after buying an additional 149,934 shares in the last quarter. FMR LLC raised its stake in Criteo by 2.1% in the fourth quarter. FMR LLC now owns 6,376,145 shares of the information services provider’s stock worth $261,932,000 after buying an additional 129,057 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Criteo by 10.6% in the fourth quarter. FIL Ltd now owns 429,574 shares of the information services provider’s stock worth $17,647,000 after buying an additional 41,147 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.
Criteo S.A. (CRTO) traded up 0.21% during midday trading on Tuesday, hitting $47.60. 583,098 shares of the stock traded hands. The company has a 50-day moving average of $51.12 and a 200-day moving average of $47.67. The stock has a market cap of $2.93 billion, a PE ratio of 40.79 and a beta of 2.71. Criteo S.A. has a 1-year low of $32.83 and a 1-year high of $56.00.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, May 3rd. The information services provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $210 million during the quarter, compared to the consensus estimate of $204.51 million. Criteo had a return on equity of 14.88% and a net margin of 4.05%. Criteo’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, equities analysts expect that Criteo S.A. will post $2.46 EPS for the current fiscal year.
A number of equities analysts recently commented on CRTO shares. Royal Bank Of Canada reiterated a “buy” rating and set a $56.00 target price on shares of Criteo in a research note on Wednesday, February 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $48.80 target price (down previously from $66.00) on shares of Criteo in a research note on Tuesday, June 6th. Cowen and Company set a $60.00 price target on shares of Criteo and gave the stock a “buy” rating in a report on Thursday, April 13th. Stifel Nicolaus increased their target price on shares of Criteo from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, February 23rd. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Criteo in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Criteo presently has an average rating of “Buy” and an average target price of $51.89.
In related news, Director James Warner sold 1,250 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $49.79, for a total value of $62,237.50. Following the completion of the sale, the director now directly owns 1,250 shares of the company’s stock, valued at approximately $62,237.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pesquidoux Hubert De sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $52.63, for a total value of $526,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 815,621 shares of company stock worth $42,708,174. Company insiders own 8.70% of the company’s stock.
Criteo Company Profile
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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