BNP Paribas Financial Markets Has $9.98 Million Holdings in Criteo S.A. (NASDAQ:CRTO)

BNP Paribas Financial Markets lowered its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 252,299 shares of the information services provider's stock after selling 185,120 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.46% of Criteo worth $9,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Waterfront Wealth Inc. raised its stake in Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock valued at $1,945,000 after buying an additional 335 shares during the period. Assetmark Inc. boosted its stake in shares of Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after acquiring an additional 558 shares during the period. The Manufacturers Life Insurance Company raised its stake in Criteo by 17.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after acquiring an additional 971 shares during the period. Wells Fargo & Company MN raised its stake in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Criteo by 31.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock valued at $245,000 after purchasing an additional 1,490 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Price Performance

NASDAQ:CRTO traded down $1.03 during trading hours on Thursday, reaching $28.68. 347,759 shares of the company were exchanged, compared to its average volume of 439,787. The business has a 50 day moving average of $32.37 and a 200 day moving average of $37.23. Criteo S.A. has a 1-year low of $26.67 and a 1-year high of $49.93. The company has a market capitalization of $1.54 billion, a P/E ratio of 17.07 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. The company had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Criteo's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. As a group, equities research analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CRTO shares. StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Benchmark reaffirmed a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Citigroup restated an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Finally, Morgan Stanley decreased their target price on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.70.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.