BNP Paribas Arbitrage SA Grows Stake in Criteo S.A. (CRTO)

BNP Paribas Arbitrage SA increased its position in shares of Criteo S.A. (NASDAQ:CRTO) by 392.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,974 shares of the information services provider’s stock after acquiring an additional 58,939 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.12% of Criteo worth $3,070,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Quadrant L P CA purchased a new stake in Criteo during the third quarter worth $129,000. Perigon Wealth Management LLC purchased a new position in shares of Criteo in the second quarter worth about $137,000. Pictet & Cie Europe SA lifted its stake in shares of Criteo by 23.5% in the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock worth $268,000 after buying an additional 1,040 shares in the last quarter. Janney Capital Management LLC lifted its stake in shares of Criteo by 39.4% in the second quarter. Janney Capital Management LLC now owns 6,046 shares of the information services provider’s stock worth $296,000 after buying an additional 1,709 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its position in Criteo by 51.0% during the third quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock worth $307,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

In related news, Director James Warner sold 1,250 shares of Criteo stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $42.21, for a total value of $52,762.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric Eichmann sold 5,598 shares of Criteo stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $41.61, for a total value of $232,932.78. The disclosure for this sale can be found here. Insiders have sold 53,825 shares of company stock worth $2,123,138 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on the stock. TheStreet cut shares of Criteo from a “b-” rating to a “c+” rating in a research report on Monday, November 20th. Berenberg Bank reiterated a “buy” rating and set a $63.00 price target on shares of Criteo in a research report on Friday, November 10th. Susquehanna Bancshares lowered their price objective on shares of Criteo from $50.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Citigroup lowered their price objective on shares of Criteo from $61.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Criteo in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $54.32.

Shares of Criteo S.A. (NASDAQ:CRTO) traded down $0.73 during trading hours on Wednesday, reaching $30.46. 1,051,770 shares of the company’s stock traded hands, compared to its average volume of 786,699. Criteo S.A. has a one year low of $30.24 and a one year high of $56.00. The firm has a market capitalization of $1,944.62, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 0.97 and a beta of 2.50.

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About Criteo

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.

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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