Russell Investments Group Ltd. cut its holdings in Criteo SA (NASDAQ:CRTO) by 44.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,578 shares of the information services provider’s stock after selling 40,318 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Criteo worth $1,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new stake in Criteo in the first quarter valued at approximately $176,000. TD Asset Management Inc. acquired a new stake in Criteo in the second quarter valued at approximately $249,000. Sei Investments Co. acquired a new stake in Criteo in the second quarter valued at approximately $366,000. Engineers Gate Manager LP acquired a new stake in Criteo in the second quarter valued at approximately $614,000. Finally, United Capital Financial Advisers LLC lifted its stake in Criteo by 51.6% in the first quarter. United Capital Financial Advisers LLC now owns 24,120 shares of the information services provider’s stock valued at $623,000 after acquiring an additional 8,210 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

In other news, COO Mary Spilman sold 7,165 shares of Criteo stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $26.71, for a total value of $191,377.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.32% of the company’s stock.

CRTO has been the subject of a number of analyst reports. BidaskClub cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Raymond James upgraded shares of Criteo from a “market perform” rating to an “outperform” rating in a research note on Monday, June 25th. They noted that the move was a valuation call. ValuEngine cut shares of Criteo from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $29.00 target price on shares of Criteo in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Criteo from a “strong sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.89.

NASDAQ:CRTO opened at $23.94 on Thursday. Criteo SA has a 12 month low of $21.00 and a 12 month high of $47.57. The company has a market capitalization of $1.59 billion, a PE ratio of 12.72 and a beta of 1.64.

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

Criteo Company Profile

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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