Parametric Portfolio Associates LLC Acquires 7,428 Shares of Criteo S.A. (NASDAQ:CRTO)

Parametric Portfolio Associates LLC increased its position in Criteo S.A. (NASDAQ:CRTO) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,436 shares of the information services provider’s stock after acquiring an additional 7,428 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.13% of Criteo worth $3,994,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRTO. Majedie Asset Management Ltd increased its stake in Criteo by 0.4% during the 2nd quarter. Majedie Asset Management Ltd now owns 121,652 shares of the information services provider’s stock valued at $5,967,000 after buying an additional 489 shares during the period. Tdam USA Inc. increased its stake in Criteo by 3.0% during the 2nd quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock valued at $931,000 after buying an additional 545 shares during the period. Private Advisor Group LLC increased its stake in Criteo by 6.4% during the 2nd quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock valued at $703,000 after buying an additional 850 shares during the period. Pictet & Cie Europe SA increased its stake in 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 buying an additional 1,040 shares during the period. Finally, California Public Employees Retirement System increased its stake in Criteo by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 63,400 shares of the information services provider’s stock valued at $3,110,000 after buying an additional 1,400 shares during the period. 84.94% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on CRTO. Stifel Nicolaus set a $50.00 target price on shares of Criteo and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Cowen and Company reaffirmed an “outperform” rating and issued a $61.00 price objective (up previously from $60.00) on shares of Criteo in a research note on Thursday, August 3rd. Finally, JMP Securities started coverage on shares of Criteo in a research note on Monday, October 2nd. They issued an “outperform” rating and a $60.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.32.

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In other news, CEO Eric Eichmann sold 5,598 shares of Criteo stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.61, for a total value of $232,932.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $46.02, for a total transaction of $287,625.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 203,825 shares of company stock worth $9,308,603. Insiders own 5.60% of the company’s stock.

Shares of Criteo S.A. (NASDAQ:CRTO) traded up $0.23 on Tuesday, reaching $35.45. 514,800 shares of the company traded hands, compared to its average volume of 773,950. The company has a market capitalization of $2,144.99, a price-to-earnings ratio of 23.33, a PEG ratio of 1.07 and a beta of 2.64. Criteo S.A. has a 52-week low of $34.76 and a 52-week high of $56.00.

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.

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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