Bank of New York Mellon Corp lifted its position in Criteo SA (NASDAQ:CRTO) by 1,231.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,907,183 shares of the information services provider’s stock after buying an additional 1,763,968 shares during the quarter. Bank of New York Mellon Corp’s holdings in Criteo were worth $62,652,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HG Vora Capital Management LLC grew its position in Criteo by 37.1% during the first quarter. HG Vora Capital Management LLC now owns 4,250,000 shares of the information services provider’s stock valued at $109,820,000 after purchasing an additional 1,150,000 shares in the last quarter. Allianz Asset Management GmbH grew its position in Criteo by 8.7% during the first quarter. Allianz Asset Management GmbH now owns 3,084,800 shares of the information services provider’s stock valued at $79,711,000 after purchasing an additional 246,560 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Criteo by 8.6% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,612,825 shares of the information services provider’s stock valued at $85,831,000 after purchasing an additional 207,495 shares in the last quarter. First Manhattan Co. grew its position in Criteo by 9.4% during the second quarter. First Manhattan Co. now owns 2,515,129 shares of the information services provider’s stock valued at $82,621,000 after purchasing an additional 215,985 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Criteo by 3.9% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,645,899 shares of the information services provider’s stock valued at $54,068,000 after purchasing an additional 62,134 shares in the last quarter. 86.28% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CRTO opened at $25.45 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.61 and a beta of 1.78. Criteo SA has a 12-month low of $21.00 and a 12-month high of $49.00.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.14. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The business had revenue of $230.00 million during the quarter, compared to analysts’ expectations of $229.33 million. During the same period in the previous year, the company earned $0.39 earnings per share. Criteo’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts predict that Criteo SA will post 1.43 EPS for the current fiscal year.

In other news, COO Mary Spilman sold 3,815 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $33.74, for a total value of $128,718.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.32% of the stock is currently owned by insiders.

A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Criteo in a research note on Thursday, August 2nd. Citigroup reduced their target price on shares of Criteo from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. BMO Capital Markets reduced their target price on shares of Criteo from $32.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday, August 2nd. Finally, KeyCorp reduced their target price on shares of Criteo from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Criteo currently has an average rating of “Hold” and a consensus price target of $39.89.

Criteo Profile

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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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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