Criteo S.A. (NASDAQ:CRTO) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 45.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 127,509 shares of the information services provider's stock after acquiring an additional 39,862 shares during the period. Bank of America Corp DE owned about 0.23% of Criteo worth $5,044,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CRTO. Janney Montgomery Scott LLC purchased a new stake in shares of Criteo in the 4th quarter valued at approximately $510,000. Blue Trust Inc. increased its stake in Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after buying an additional 1,916 shares during the period. KBC Group NV purchased a new stake in Criteo during the 4th quarter worth approximately $2,887,000. Palumbo Wealth Management LLC purchased a new stake in Criteo during the 4th quarter worth approximately $208,000. Finally, Waterfront Wealth Inc. increased its stake in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after buying an additional 335 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRTO has been the topic of several recent research reports. BMO Capital Markets cut their target price on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus cut their target price on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Citigroup reiterated an "underperform" rating on shares of Criteo in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Morgan Stanley lowered their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Criteo has a consensus rating of "Moderate Buy" and a consensus target price of $46.70.

Criteo Stock Down 0.2%

NASDAQ:CRTO traded down $0.04 during trading hours on Thursday, reaching $25.48. 697,168 shares of the company's stock were exchanged, compared to its average volume of 446,508. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.17 and a beta of 0.63. The company has a 50-day moving average of $30.40 and a 200 day moving average of $36.52. Criteo S.A. has a 1-year low of $25.17 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. The firm had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Criteo's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Research analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the company's stock in a transaction 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 completion of the transaction, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. This represents a 1.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 1,263 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the transaction, the insider now owns 130,739 shares of the company's stock, valued at approximately $3,414,902.68. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,707 shares of company stock worth $351,786 in the last 90 days. Company insiders own 1.66% of the company's stock.

About Criteo

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.