Letko Brosseau & Associates Inc. bought a new position in Criteo S.A. (NASDAQ:CRTO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 351,382 shares of the information services provider’s stock, valued at approximately $17,235,000. Letko Brosseau & Associates Inc. owned about 0.57% of Criteo at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Todd Asset Management LLC boosted its holdings in Criteo by 29.7% in the second quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock worth $8,038,000 after purchasing an additional 37,550 shares during the last quarter. Stifel Financial Corp boosted its holdings in Criteo by 3.9% in the first quarter. Stifel Financial Corp now owns 16,883 shares of the information services provider’s stock worth $843,000 after purchasing an additional 629 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in Criteo in the first quarter worth approximately $1,785,000. BNP Paribas Arbitrage SA boosted its holdings in Criteo by 53.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock worth $737,000 after purchasing an additional 5,233 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Criteo by 17.9% in the first quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock worth $1,612,000 after purchasing an additional 4,888 shares during the last quarter. Institutional investors own 84.40% of the company’s stock.

Criteo S.A. (CRTO) traded up 1.13% on Friday, hitting $42.06. 770,252 shares of the company were exchanged. The company has a market capitalization of $2.59 billion, a P/E ratio of 39.64 and a beta of 2.72. Criteo S.A. has a 52 week low of $32.83 and a 52 week high of $56.00. The firm’s 50 day moving average is $48.14 and its 200 day moving average is $49.90.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The firm had revenue of $220.00 million for the quarter, compared to the consensus estimate of $212.55 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, equities research analysts forecast that Criteo S.A. will post $2.43 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Criteo from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Cowen and Company reiterated a “buy” rating and set a $60.00 price target on shares of Criteo in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price target on shares of Criteo in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target on shares of Criteo in a research note on Wednesday, May 24th. Finally, Zacks Investment Research cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.98.

TRADEMARK VIOLATION WARNING: This piece was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/09/15/351382-shares-in-criteo-s-a-crto-acquired-by-letko-brosseau-associates-inc.html.

In related news, CFO Benoit Fouilland sold 6,250 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $49.17, for a total transaction of $307,312.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean-Baptiste Rudelle sold 103,533 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $47.90, for a total transaction of $4,959,230.70. The disclosure for this sale can be found here. Insiders have sold 523,980 shares of company stock worth $25,569,623 over the last three months. 5.60% of the stock is currently owned by insiders.

About Criteo

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.

Want to see what other hedge funds are holding CRTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Criteo S.A. (NASDAQ:CRTO).

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

Receive News & Ratings for Criteo S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo S.A. and related companies with MarketBeat.com's FREE daily email newsletter.