BNP Paribas Financial Markets Acquires 103,593 Shares of Criteo S.A. (NASDAQ:CRTO)

BNP Paribas Financial Markets lifted its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 31.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 437,419 shares of the information services provider’s stock after purchasing an additional 103,593 shares during the quarter. BNP Paribas Financial Markets owned 0.79% of Criteo worth $17,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRTO. Cetera Advisors LLC bought a new position in Criteo during the 1st quarter worth $424,000. GAMMA Investing LLC increased its position 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 worth $28,000 after purchasing an additional 297 shares during the period. QRG Capital Management Inc. raised its stake in Criteo by 64.0% in the second quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock valued at $566,000 after purchasing an additional 5,854 shares in the last quarter. SG Americas Securities LLC bought a new stake in Criteo during the second quarter worth about $248,000. Finally, Blue Trust Inc. grew its stake in 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 buying an additional 1,823 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the business’s 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 completion of the sale, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,972 shares of company stock valued at $890,198 in the last ninety days. 1.71% of the stock is currently owned by insiders.

Criteo Trading Down 3.7 %

NASDAQ:CRTO opened at $40.78 on Friday. The stock’s 50-day moving average is $39.29 and its 200-day moving average is $40.90. Criteo S.A. has a 1-year low of $23.87 and a 1-year high of $49.93. The stock has a market cap of $2.25 billion, a P/E ratio of 27.74 and a beta of 1.02.

Wall Street Analysts Forecast Growth

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

Criteo 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.