Criteo S.A. (CRTO) Shares Sold by KBC Group NV

KBC Group NV cut its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 60.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,809 shares of the information services provider’s stock after selling 250,380 shares during the quarter. KBC Group NV owned about 0.27% of Criteo worth $6,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRTO. Geode Capital Management LLC grew its holdings in shares of Criteo by 17.9% during the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock worth $1,612,000 after purchasing an additional 4,888 shares during the period. US Bancorp DE grew its holdings in shares of Criteo by 35.4% during the 2nd quarter. US Bancorp DE now owns 6,585 shares of the information services provider’s stock worth $323,000 after purchasing an additional 1,722 shares during the period. First Manhattan Co. purchased a new position in shares of Criteo during the 2nd quarter worth $749,000. Sei Investments Co. grew its holdings in shares of Criteo by 292.7% during the 2nd quarter. Sei Investments Co. now owns 85,462 shares of the information services provider’s stock worth $4,192,000 after purchasing an additional 63,702 shares during the period. Finally, Tdam USA Inc. grew its holdings in shares of Criteo by 3.0% during the 2nd quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock worth $931,000 after purchasing an additional 545 shares during the period. Institutional investors and hedge funds own 89.44% of the company’s stock.

Shares of Criteo S.A. (NASDAQ:CRTO) opened at $31.19 on Wednesday. The stock has a market capitalization of $2,110.00, a PE ratio of 21.50, a price-to-earnings-growth ratio of 0.98 and a beta of 2.49. Criteo S.A. has a 12-month low of $30.50 and a 12-month high of $56.00.

CRTO has been the topic of several research reports. BMO Capital Markets reissued a “buy” rating and set a $70.00 target price on shares of Criteo in a research note on Wednesday, October 18th. Berenberg Bank reissued a “buy” rating and set a $63.00 target price on shares of Criteo in a research note on Friday, September 22nd. KeyCorp reissued a “buy” rating and set a $62.00 target price on shares of Criteo in a research note on Friday, September 15th. Deutsche Bank decreased their target price on Criteo to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Finally, Citigroup decreased their target price on Criteo from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.32.

In other Criteo news, CRO Mary Spilman sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $37.88, for a total value of $189,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eric Eichmann sold 20,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $35.41, for a total value of $708,200.00. The disclosure for this sale can be found here. Insiders sold a total of 53,825 shares of company stock worth $2,123,138 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

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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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