Cetera Advisors LLC Has $227,000 Position in Trade Desk Inc (TTD)
Cetera Advisors LLC decreased its holdings in Trade Desk Inc (NASDAQ:TTD) by 77.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,675 shares of the technology company’s stock after selling 12,315 shares during the quarter. Cetera Advisors LLC’s holdings in Trade Desk were worth $227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in Trade Desk by 18.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 19,822 shares of the technology company’s stock worth $738,000 after buying an additional 3,033 shares in the last quarter. Geode Capital Management LLC increased its stake in Trade Desk by 56.3% during the 1st quarter. Geode Capital Management LLC now owns 85,761 shares of the technology company’s stock worth $3,194,000 after buying an additional 30,879 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Trade Desk during the 2nd quarter worth approximately $401,000. Strs Ohio increased its stake in Trade Desk by 100.0% during the 2nd quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock worth $340,000 after buying an additional 3,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Trade Desk by 232.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,900 shares of the technology company’s stock worth $1,449,000 after buying an additional 20,200 shares in the last quarter. 65.46% of the stock is owned by institutional investors.
Several research firms have commented on TTD. Vetr lowered Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price objective for the company. in a research note on Tuesday, October 31st. Zacks Investment Research lowered Trade Desk from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Macquarie began coverage on Trade Desk in a research note on Thursday, October 12th. They set an “outperform” rating and a $78.00 price objective for the company. SunTrust Banks restated a “hold” rating and issued a $55.00 price target on shares of Trade Desk in a research report on Monday, November 6th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price target on shares of Trade Desk in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Trade Desk presently has a consensus rating of “Buy” and an average price target of $67.07.
Shares of Trade Desk Inc (NASDAQ TTD) opened at $49.25 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $2,022.89, a P/E ratio of 47.36 and a beta of 5.19. Trade Desk Inc has a 52-week low of $26.40 and a 52-week high of $67.30.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The business had revenue of $79.40 million during the quarter, compared to analyst estimates of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The business’s revenue was up 49.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. sell-side analysts predict that Trade Desk Inc will post 1.28 EPS for the current fiscal year.
About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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