JPMorgan Chase & Co. decreased its stake in Criteo SA (NASDAQ:CRTO) by 41.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 966,229 shares of the information services provider’s stock after selling 693,124 shares during the period. JPMorgan Chase & Co. owned 1.44% of Criteo worth $22,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regal Investment Advisors LLC lifted its holdings in shares of Criteo by 46.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 9,340 shares of the information services provider’s stock worth $214,000 after purchasing an additional 2,968 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Criteo by 100.2% in the 2nd quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock worth $469,000 after purchasing an additional 7,141 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new stake in shares of Criteo in the 2nd quarter worth approximately $481,000. SG Americas Securities LLC lifted its holdings in shares of Criteo by 208.8% in the 3rd quarter. SG Americas Securities LLC now owns 25,708 shares of the information services provider’s stock worth $590,000 after purchasing an additional 17,384 shares during the last quarter. Finally, Ruffer LLP bought a new stake in shares of Criteo in the 3rd quarter worth approximately $688,000. 79.62% of the stock is currently owned by institutional investors and hedge funds.

In other Criteo news, CEO Jean-Baptiste Rudelle bought 22,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average price of $23.42 per share, with a total value of $515,240.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.32% of the stock is owned by insiders.

Several brokerages recently issued reports on CRTO. Zacks Investment Research downgraded Criteo from a “hold” rating to a “sell” rating in a report on Monday, October 15th. KeyCorp cut their price target on Criteo from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 1st. BidaskClub downgraded Criteo from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Nomura cut their price target on Criteo from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. Finally, ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. Criteo currently has an average rating of “Hold” and an average target price of $30.75.

Shares of Criteo stock opened at $26.41 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 3.64 and a beta of 1.36. Criteo SA has a 1-year low of $19.13 and a 1-year high of $36.66.

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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.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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