QS Investors LLC Has $3.38 Million Holdings in Criteo S.A. (NASDAQ:CRTO)

QS Investors LLC lessened its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,800 shares of the information services provider’s stock after selling 1,600 shares during the quarter. QS Investors LLC owned 0.12% of Criteo worth $3,384,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CRTO. Allianz Asset Management GmbH increased its position in shares of Criteo by 7.5% in the first quarter. Allianz Asset Management GmbH now owns 4,617,860 shares of the information services provider’s stock valued at $160,378,000 after acquiring an additional 320,920 shares during the last quarter. FMR LLC boosted its holdings in shares of Criteo by 62.3% during the second quarter. FMR LLC now owns 3,348,006 shares of the information services provider’s stock worth $151,430,000 after acquiring an additional 1,284,584 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Criteo by 48.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,547,500 shares of the information services provider’s stock worth $69,993,000 after acquiring an additional 507,300 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Criteo by 366.4% during the second quarter. Lord Abbett & CO. LLC now owns 1,489,821 shares of the information services provider’s stock worth $67,385,000 after acquiring an additional 1,170,418 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Criteo during the first quarter valued at approximately $29,444,000. 84.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CRTO opened at $37.34 on Thursday. The firm has a fifty day moving average price of $36.48 and a two-hundred day moving average price of $38.26. Criteo S.A. has a one year low of $12.07 and a one year high of $46.65. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 26.67 and a beta of 1.09.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Tuesday, August 3rd. The information services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Criteo had a net margin of 3.95% and a return on equity of 12.28%. The firm had revenue of $220.00 million during the quarter, compared to the consensus estimate of $208.75 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Criteo S.A. will post 1.82 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on CRTO shares. Morgan Stanley upped their price target on shares of Criteo from $30.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Investment Research cut shares of Criteo from a “buy” rating to a “hold” rating in a research report on Tuesday, August 31st. Rosenblatt Securities upped their target price on shares of Criteo from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. Finally, BMO Capital Markets upped their target price on shares of Criteo from $45.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, August 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $39.58.

Criteo Profile

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include Criteo Marketing Solutions, Criteo Shopper Graph, Criteo AI Engine, Criteo Retail Media, and Publisher Network.

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Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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