International Value Advisers LLC bought a new stake in Criteo SA (NASDAQ:CRTO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,681,293 shares of the information services provider’s stock, valued at approximately $43,764,000. Criteo accounts for approximately 1.3% of International Value Advisers LLC’s holdings, making the stock its 24th largest position. International Value Advisers LLC owned about 2.55% of Criteo at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRTO. State Street Corp lifted its stake in shares of Criteo by 3.2% in the second quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock valued at $1,311,000 after buying an additional 820 shares during the period. Jennison Associates LLC lifted its stake in shares of Criteo by 5.3% in the third quarter. Jennison Associates LLC now owns 806,722 shares of the information services provider’s stock valued at $33,479,000 after buying an additional 40,422 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Criteo by 392.0% during the third quarter. BNP Paribas Arbitrage SA now owns 73,974 shares of the information services provider’s stock worth $3,070,000 after purchasing an additional 58,939 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Criteo by 35.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 30,500 shares of the information services provider’s stock worth $1,529,000 after purchasing an additional 8,000 shares during the period. Finally, Comgest Global Investors S.A.S. lifted its stake in Criteo by 1.2% during the third quarter. Comgest Global Investors S.A.S. now owns 1,953,430 shares of the information services provider’s stock worth $81,067,000 after purchasing an additional 22,738 shares during the period. Institutional investors and hedge funds own 72.78% of the company’s stock.
Criteo SA (NASDAQ:CRTO) opened at $30.03 on Monday. Criteo SA has a one year low of $21.00 and a one year high of $56.00. The stock has a market cap of $1,981.78, a P/E ratio of 22.41, a PEG ratio of 0.98 and a beta of 1.82.
A number of brokerages have commented on CRTO. TheStreet cut shares of Criteo from a “b-” rating to a “c+” rating in a research note on Monday, November 20th. Stifel Nicolaus restated a “hold” rating and set a $26.00 price target (down previously from $40.00) on shares of Criteo in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Criteo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Citigroup restated a “hold” rating and set a $35.00 price target on shares of Criteo in a research note on Friday. Finally, Morgan Stanley restated an “equal weight” rating and set a $35.00 price target (up previously from $31.00) on shares of Criteo in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Criteo currently has an average rating of “Hold” and a consensus target price of $43.35.
In related news, CEO Eric Eichmann sold 7,153 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $24.87, for a total value of $177,895.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $24.78, for a total transaction of $31,247.58. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/03/12/international-value-advisers-llc-invests-43-76-million-in-criteo-sa-crto.html.
Criteo Company Profile
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.
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).
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.