Northern Trust Corp boosted its stake in shares of Criteo SA (NASDAQ:CRTO) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,037 shares of the information services provider’s stock after acquiring an additional 4,120 shares during the quarter. Northern Trust Corp owned approximately 0.07% of Criteo worth $1,447,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CRTO. TD Asset Management Inc. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $249,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $249,000. Mount Yale Investment Advisors LLC raised its position in shares of Criteo by 58.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock valued at $355,000 after acquiring an additional 4,000 shares during the period. Sei Investments Co. acquired a new stake in shares of Criteo in the 2nd quarter valued at approximately $366,000. Finally, BlackRock Inc. raised its position in shares of Criteo by 100.2% in the 2nd quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock valued at $469,000 after acquiring an additional 7,141 shares during the period. 81.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CRTO stock opened at $24.12 on Tuesday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 3.06 and a beta of 1.49. Criteo SA has a 52 week low of $19.13 and a 52 week high of $36.66.
A number of analysts recently weighed in on CRTO shares. Zacks Investment Research downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. BidaskClub downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. DA Davidson started coverage on shares of Criteo in a research report on Monday, October 8th. They issued a “neutral” rating and a $25.00 price target on the stock. KeyCorp cut their price target on shares of Criteo from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 1st. Finally, Berenberg Bank set a $42.00 price target on shares of Criteo and gave the company a “buy” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.44.
In related news, CEO Jean-Baptiste Rudelle bought 22,000 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average cost of $23.42 per share, for a total transaction of $515,240.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.32% of the company’s stock.
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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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