Fmr LLC raised its stake in shares of Criteo SA (NASDAQ:CRTO) by 81.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,502,700 shares of the information services provider’s stock after purchasing an additional 673,700 shares during the period. Fmr LLC’s holdings in Criteo were worth $49,364,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. HG Vora Capital Management LLC boosted its stake in shares of Criteo by 37.1% during the 1st quarter. HG Vora Capital Management LLC now owns 4,250,000 shares of the information services provider’s stock valued at $109,820,000 after buying an additional 1,150,000 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Criteo by 8.7% during the 1st quarter. Allianz Asset Management GmbH now owns 3,084,800 shares of the information services provider’s stock valued at $79,711,000 after buying an additional 246,560 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Criteo by 8.6% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,612,825 shares of the information services provider’s stock valued at $85,831,000 after buying an additional 207,495 shares during the period. First Manhattan Co. boosted its stake in shares of Criteo by 9.4% during the 2nd quarter. First Manhattan Co. now owns 2,515,129 shares of the information services provider’s stock valued at $82,621,000 after buying an additional 215,985 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Criteo by 1,231.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock valued at $62,652,000 after buying an additional 1,763,968 shares during the period. 86.38% of the stock is owned by institutional investors.

A number of brokerages have issued reports on CRTO. Zacks Investment Research raised shares of Criteo from a “strong sell” rating to a “hold” rating in a research note on Monday. BidaskClub raised shares of Criteo from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Cowen reissued a “hold” rating and set a $28.00 target price on shares of Criteo in a research note on Thursday, August 2nd. Citigroup decreased their target price on shares of Criteo from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Finally, BMO Capital Markets decreased their target price on shares of Criteo from $32.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.89.

In other news, COO Mary Spilman sold 7,165 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $26.71, for a total transaction of $191,377.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.32% of the stock is currently owned by company insiders.

Criteo stock opened at $23.59 on Tuesday. The firm has a market cap of $1.58 billion, a PE ratio of 12.68 and a beta of 1.65. Criteo SA has a 1-year low of $21.00 and a 1-year high of $47.57.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $230.00 million for the quarter, compared to the consensus estimate of $229.33 million. Criteo had a net margin of 4.55% and a return on equity of 14.05%. Criteo’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. sell-side analysts forecast that Criteo SA will post 1.45 earnings per share for the current fiscal year.

About Criteo

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

See Also: How Do You Calculate Return on Equity (ROE)?

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

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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