Nationwide Fund Advisors boosted its stake in shares of Criteo SA (NASDAQ:CRTO) by 58.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,990 shares of the company’s stock after buying an additional 16,220 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Criteo SA worth $2,020,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in CRTO. Henderson Group PLC increased its stake in shares of Criteo SA by 14.2% in the second quarter. Henderson Group PLC now owns 1,130,846 shares of the company’s stock valued at $51,957,000 after buying an additional 140,288 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Criteo SA by 12.9% in the second quarter. American Century Companies Inc. now owns 1,089,924 shares of the company’s stock valued at $50,049,000 after buying an additional 124,330 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Criteo SA by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 890,735 shares of the company’s stock valued at $40,902,000 after buying an additional 148,648 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Criteo SA during the first quarter valued at approximately $57,764,000. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Criteo SA during the second quarter valued at approximately $36,056,000. Institutional investors own 69.29% of the company’s stock.
Shares of Criteo SA (NASDAQ:CRTO) traded up 3.57% during midday trading on Friday, hitting $34.27. 126,449 shares of the stock were exchanged. The stock has a market cap of $2.11 billion, a P/E ratio of 30.90 and a beta of 2.82. The firm’s 50 day moving average price is $35.92 and its 200-day moving average price is $40.85. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81.
Criteo SA (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. Criteo SA had a return on equity of 15.20% and a net margin of 4.72%. The business earned $166 million during the quarter, compared to analyst estimates of $161.27 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Criteo SA’s revenue was up 35.4% on a year-over-year basis. On average, equities research analysts expect that Criteo SA will post $1.78 earnings per share for the current fiscal year.
CRTO has been the subject of several analyst reports. Citigroup Inc. lowered their target price on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 4th. JPMorgan Chase & Co. restated a “buy” rating and set a $51.00 price target on shares of Criteo SA in a research report on Tuesday, September 27th. Jefferies Group restated a “buy” rating on shares of Criteo SA in a research report on Monday, July 11th. Pacific Crest restated a “buy” rating and set a $53.00 price target on shares of Criteo SA in a research report on Monday, July 11th. Finally, Morgan Stanley restated a “hold” rating on shares of Criteo SA in a research report on Friday, September 16th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.50.
In other Criteo SA news, CFO Benoit Fouilland sold 876 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $44.05, for a total transaction of $38,587.80. Following the completion of the sale, the chief financial officer now directly owns 103,723 shares in the company, valued at approximately $4,568,998.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $35.84, for a total value of $2,150,400.00. Following the sale, the insider now owns 2,806,831 shares of the company’s stock, valued at $100,596,823.04. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s 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.