Synovus Financial Corp Acquires 1,960 Shares of Criteo S.A. (CRTO)
Synovus Financial Corp grew its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 13.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,548 shares of the information services provider’s stock after purchasing an additional 1,960 shares during the quarter. Synovus Financial Corp’s holdings in Criteo were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in CRTO. First Quadrant L P CA bought a new position in shares of Criteo during the 3rd quarter valued at $129,000. Perigon Wealth Management LLC bought a new position in shares of Criteo during the 2nd quarter valued at $137,000. Pictet & Cie Europe SA raised its holdings in shares of Criteo by 23.5% during the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 1,040 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Criteo by 51.0% during the 3rd quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock valued at $307,000 after purchasing an additional 2,500 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Criteo by 35.4% during the 2nd quarter. US Bancorp DE now owns 6,585 shares of the information services provider’s stock valued at $323,000 after purchasing an additional 1,722 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
Criteo S.A. (CRTO) opened at $30.80 on Friday. Criteo S.A. has a 12 month low of $30.24 and a 12 month high of $56.00. The stock has a market cap of $1,899.56, a price-to-earnings ratio of 20.66, a P/E/G ratio of 0.95 and a beta of 2.50.
A number of research analysts have recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and set a $70.00 price target on shares of Criteo in a report on Wednesday, September 13th. Zacks Investment Research downgraded shares of Criteo from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Macquarie started coverage on shares of Criteo in a research note on Thursday, October 12th. They issued a “neutral” rating and a $51.00 target price on the stock. Berenberg Bank reiterated a “buy” rating and issued a $63.00 target price on shares of Criteo in a research note on Friday, September 22nd. Finally, Deutsche Bank lowered their target price on shares of Criteo to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Criteo currently has an average rating of “Hold” and an average price target of $54.32.
In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $46.02, for a total value of $287,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric Eichmann sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $35.41, for a total transaction of $708,200.00. The disclosure for this sale can be found here. Insiders sold a total of 53,825 shares of company stock worth $2,123,138 over the last quarter. 5.60% of the stock is currently owned by company 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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