River & Mercantile Asset Management LLP cut its position in Criteo S.A. (NASDAQ:CRTO) by 11.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 102,550 shares of the information services provider’s stock after selling 13,050 shares during the period. River & Mercantile Asset Management LLP owned 0.17% of Criteo worth $5,030,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its position in Criteo by 0.4% in the first quarter. FMR LLC now owns 6,399,000 shares of the information services provider’s stock worth $319,886,000 after buying an additional 22,855 shares during the period. Comgest Global Investors S.A.S. raised its position in Criteo by 1.6% in the first quarter. Comgest Global Investors S.A.S. now owns 1,896,192 shares of the information services provider’s stock worth $94,791,000 after buying an additional 30,642 shares during the period. Bank of New York Mellon Corp raised its position in Criteo by 111.4% in the first quarter. Bank of New York Mellon Corp now owns 1,638,336 shares of the information services provider’s stock worth $81,899,000 after buying an additional 863,485 shares during the period. American Century Companies Inc. raised its position in Criteo by 1.2% in the first quarter. American Century Companies Inc. now owns 1,189,952 shares of the information services provider’s stock worth $59,486,000 after buying an additional 14,120 shares during the period. Finally, TD Asset Management Inc. raised its position in Criteo by 95.5% in the second quarter. TD Asset Management Inc. now owns 1,153,744 shares of the information services provider’s stock worth $56,591,000 after buying an additional 563,682 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.

Criteo S.A. (NASDAQ CRTO) opened at 46.98 on Monday. Criteo S.A. has a 52-week low of $32.83 and a 52-week high of $56.00.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The firm had revenue of $220 million during the quarter, compared to the consensus estimate of $212.55 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts anticipate that Criteo S.A. will post $2.43 earnings per share for the current year.

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CRTO has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Criteo in a research note on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Criteo in a research note on Thursday, June 22nd. BMO Capital Markets initiated coverage on shares of Criteo in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $70.00 price objective on the stock. KeyCorp initiated coverage on shares of Criteo in a research note on Monday, July 31st. They issued an “overweight” rating and a $62.00 price objective on the stock. Finally, BidaskClub lowered shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Criteo has a consensus rating of “Hold” and an average target price of $55.98.

In other Criteo news, insider Jean-Baptiste Rudelle sold 46,467 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $47.91, for a total value of $2,226,233.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Warner sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $51.49, for a total value of $64,362.50. The disclosure for this sale can be found here. Insiders have sold 444,952 shares of company stock valued at $21,925,768 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

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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