Criteo S.A. (NASDAQ:CRTO) Stock Holdings Increased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Criteo S.A. (NASDAQ:CRTO) by 3.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,518 shares of the information services provider’s stock after purchasing an additional 518 shares during the period. QRG Capital Management Inc.’s holdings in Criteo were worth $624,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Congress Asset Management Co. purchased a new position in Criteo during the 3rd quarter valued at about $48,653,000. Clearbridge Investments LLC purchased a new stake in Criteo in the 2nd quarter worth approximately $11,059,000. Robeco Institutional Asset Management B.V. lifted its position in Criteo by 518.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock worth $3,259,000 after buying an additional 67,913 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Criteo by 93.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock worth $4,057,000 after buying an additional 51,870 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in Criteo by 523.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock worth $2,233,000 after buying an additional 49,699 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CRTO. BMO Capital Markets increased their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Susquehanna cut their price target on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. DA Davidson lowered their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley raised their target price on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Benchmark reiterated a “buy” rating and issued a $56.00 target price on shares of Criteo in a research note on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Brian Gleason sold 2,841 shares of the firm’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 completion of the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Criteo Price Performance

NASDAQ CRTO opened at $35.48 on Friday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 24.14 and a beta of 1.02. The company’s fifty day moving average is $40.74 and its two-hundred day moving average is $40.70. Criteo S.A. has a 52-week low of $22.65 and a 52-week high of $49.93.

Criteo Profile

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.