BNP Paribas Financial Markets Increases Stake in Criteo S.A. (NASDAQ:CRTO)

BNP Paribas Financial Markets raised its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,419 shares of the information services provider's stock after purchasing an additional 103,593 shares during the period. BNP Paribas Financial Markets owned 0.79% of Criteo worth $17,602,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock valued at $28,000 after buying an additional 297 shares during the last quarter. USA Financial Formulas purchased a new stake in Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC purchased a new stake in Criteo during the 3rd quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its position in Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider's stock valued at $53,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider's stock valued at $65,000 after purchasing an additional 1,823 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Activity

In other news, insider Brian Gleason sold 2,841 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,972 shares of company stock worth $890,198 over the last 90 days. 1.71% of the stock is currently owned by corporate insiders.

Criteo Price Performance

Shares of CRTO stock traded down $1.56 during mid-day trading on Friday, hitting $40.78. 523,802 shares of the stock traded hands, compared to its average volume of 561,376. The stock has a market cap of $2.25 billion, a P/E ratio of 27.74 and a beta of 1.02. The stock's fifty day moving average is $39.29 and its two-hundred day moving average is $40.92. Criteo S.A. has a 52-week low of $23.87 and a 52-week high of $49.93.

Wall Street Analysts Forecast Growth

CRTO has been the topic of several research analyst reports. Susquehanna lowered their target price on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company assumed coverage on shares of Criteo in a report on Monday, October 28th. They set an "overweight" rating and a $70.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. StockNews.com upgraded shares of Criteo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, DA Davidson reduced their price target on shares of Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. 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, Criteo presently has an average rating of "Moderate Buy" and an average price target of $50.67.

About Criteo

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.