Sei Investments Co. lowered its position in Criteo S.A. (NASDAQ:CRTO) by 73.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,760 shares of the information services provider’s stock after selling 59,740 shares during the period. Sei Investments Co.’s holdings in Criteo were worth $1,088,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CRTO. Boussard & Gavaudan Investment Management LLP increased its stake in Criteo by 411.2% in the first quarter. Boussard & Gavaudan Investment Management LLP now owns 516,789 shares of the information services provider’s stock worth $26,848,000 after buying an additional 415,689 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Criteo by 56.5% in the first quarter. Pictet Asset Management Ltd. now owns 435,451 shares of the information services provider’s stock worth $21,768,000 after buying an additional 157,156 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in Criteo during the first quarter worth approximately $490,000. Bank of New York Mellon Corp increased its stake in Criteo by 111.4% in the first quarter. Bank of New York Mellon Corp now owns 1,638,336 shares of the information services provider’s stock worth $81,899,000 after buying an additional 863,485 shares during the last quarter. Finally, Henderson Group PLC increased its stake in Criteo by 4.5% in the first quarter. Henderson Group PLC now owns 976,113 shares of the information services provider’s stock worth $48,791,000 after buying an additional 42,425 shares during the last quarter. Institutional investors own 83.26% of the company’s stock.

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

Criteo S.A. (NASDAQ CRTO) opened at 46.87 on Friday. Criteo S.A. has a 52-week low of $32.83 and a 52-week high of $56.00. The company’s 50-day moving average price is $51.31 and its 200 day moving average price is $47.52. The stock has a market capitalization of $2.89 billion, a P/E ratio of 40.16 and a beta of 2.71.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, May 3rd. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $210 million for the quarter, compared to analysts’ expectations of $204.51 million. Criteo had a return on equity of 14.88% and a net margin of 4.05%. The company’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities research analysts anticipate that Criteo S.A. will post $2.46 earnings per share for the current year.

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A number of research firms have commented on CRTO. BidaskClub downgraded Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company restated an “outperform” rating on shares of Criteo in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “buy” rating and issued a $48.80 price objective (down from $66.00) on shares of Criteo in a research report on Tuesday, June 6th. Royal Bank Of Canada upped their price objective on Criteo from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Criteo in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $51.89.

In other news, Director James Warner sold 1,250 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $49.79, for a total value of $62,237.50. Following the completion of the sale, the director now owns 1,250 shares of the company’s stock, valued at $62,237.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jean-Baptiste Rudelle sold 103,754 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $50.27, for a total value of $5,215,713.58. Following the completion of the sale, the insider now directly owns 2,626,119 shares of the company’s stock, valued at approximately $132,015,002.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 814,371 shares of company stock valued at $42,649,449. 8.70% of the stock is currently owned by insiders.

Criteo Company Profile

Criteo SA is a France-based company specializing in digital performance marketing. Its 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.

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