Nissay Asset Management Corp Japan ADV purchased a new position in Trade Desk Inc (NASDAQ:TTD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,028 shares of the technology company’s stock, valued at approximately $1,637,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTD. Geode Capital Management LLC raised its holdings in shares of Trade Desk by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 439,472 shares of the technology company’s stock valued at $114,166,000 after acquiring an additional 7,217 shares during the last quarter. Norges Bank acquired a new position in shares of Trade Desk during the fourth quarter valued at approximately $94,282,000. Nuveen Asset Management LLC raised its holdings in shares of Trade Desk by 109.1% during the fourth quarter. Nuveen Asset Management LLC now owns 468,669 shares of the technology company’s stock valued at $121,750,000 after acquiring an additional 244,577 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Trade Desk during the first quarter valued at approximately $232,000. Finally, Forte Capital LLC ADV raised its holdings in shares of Trade Desk by 3.2% during the first quarter. Forte Capital LLC ADV now owns 25,140 shares of the technology company’s stock valued at $4,852,000 after acquiring an additional 768 shares during the last quarter. 69.22% of the stock is owned by institutional investors.

A number of equities analysts have commented on the company. Pivotal Research reissued a “buy” rating and set a $345.00 target price (up previously from $267.00) on shares of Trade Desk in a report on Friday, May 8th. SunTrust Banks lowered Trade Desk from a “buy” rating to a “hold” rating and dropped their price target for the company from $280.00 to $250.00 in a research report on Friday, May 8th. Citigroup upped their price target on Trade Desk from $240.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. DA Davidson lowered Trade Desk from a “buy” rating to a “neutral” rating and dropped their price target for the company from $310.00 to $300.00 in a research report on Monday, May 11th. Finally, Royal Bank of Canada lowered Trade Desk from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $225.00 to $300.00 in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $302.57.

Shares of Trade Desk stock opened at $451.32 on Friday. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 177.69, a PEG ratio of 9.82 and a beta of 2.67. Trade Desk Inc has a fifty-two week low of $136.00 and a fifty-two week high of $475.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a 50 day moving average of $419.39 and a 200 day moving average of $304.42.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.81. The company had revenue of $160.70 million during the quarter, compared to analyst estimates of $158.10 million. Trade Desk had a return on equity of 20.65% and a net margin of 17.44%. The firm’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. Analysts forecast that Trade Desk Inc will post 1.74 EPS for the current year.

In other Trade Desk news, CMO Susan Vobejda sold 1,240 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $461.15, for a total transaction of $571,826.00. Following the transaction, the chief marketing officer now directly owns 36,519 shares in the company, valued at $16,840,736.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wells sold 2,840 shares of the company’s stock in a transaction on Friday, June 19th. The stock was sold at an average price of $400.00, for a total value of $1,136,000.00. Following the transaction, the director now owns 13,457 shares in the company, valued at $5,382,800. The disclosure for this sale can be found here. Insiders have sold 322,213 shares of company stock worth $99,655,886 over the last 90 days. 13.12% of the stock is owned by insiders.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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