Billionaire Michael Platt’s Top 5 Stock Picks

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1. Criteo SA (NASDAQ:CRTO)

Shares held by BlueCrest Capital Management: 2.26 million

Value of Position: $71.20 million

Last but not least, Criteo SA (NASDAQ:CRTO) tops the list of billionaire Michael Platt’s top 5 stock picks. BlueCrest Capital left its position unchanged over the quarter, at 2.26 million shares. The position makes BlueCrest the top shareholder of Criteo among the funds in our database, followed by Richard Mashaal’s Rima Senvest Management and Malcolm Levine’s Dendur Capital, which own 1.99 million hares, and 1.53 million shares, respectively. Overall, only 15 funds disclosed stakes in the company in the latest round of 13F filings.

French-based Criteo SA (NASDAQ:CRTO) is an online advertising company and is currently one of the best advertising agency stocks to buy, according to our analysis of the hedge fund sentiment. Its stock has advanced by 24% since the beginning of the year amid the company reporting a solid first quarter with EPS of $0.46 topping the estimates by $0.22 and revenue of $221 million beating the consensus by $7.05 million. During the earnings call, Criteo SA (NASDAQ:CRTO) CEO Megan Clarken said that the company is working hard to execute its transformation strategy and take advantage of growth opportunities.

“Notwithstanding the near-term challenging macro-economic environment, our trajectory is intact. In Q1, we delivered continued strong growth in Retail Media and Commerce Audiences, which, combined with Iponweb, more than offset some of the pressures we’ve seen in Retargeting. While Retargeting remains an area of continued focus and opportunity, our New Solutions have now become close to half of our top line and will become the larger part of our mix going forward,” Clarken added.

We suggest you also take a look at 10 Best Value Stocks to Buy in 2023 According to Billionaire Mario Gabelli and Billionaire Andreas Halvorsen’s Viking Global Portfolio: Top 15 Stock Picks.

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