American International Group Inc. raised its position in shares of Trade Desk Inc (NASDAQ:TTD) by 46.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,743 shares of the technology company’s stock after purchasing an additional 4,988 shares during the quarter. American International Group Inc.’s holdings in Trade Desk were worth $968,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in TTD. Cipher Capital LP lifted its holdings in Trade Desk by 7.6% during the third quarter. Cipher Capital LP now owns 24,043 shares of the technology company’s stock valued at $1,478,000 after purchasing an additional 1,692 shares in the last quarter. Columbia Partners L L C Investment Management increased its position in Trade Desk by 23.7% in the third quarter. Columbia Partners L L C Investment Management now owns 50,934 shares of the technology company’s stock worth $3,132,000 after purchasing an additional 9,756 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Trade Desk in the third quarter worth $32,658,000. HAP Trading LLC bought a new stake in Trade Desk in the third quarter worth $780,000. Finally, Ameriprise Financial Inc. increased its position in Trade Desk by 52.1% in the third quarter. Ameriprise Financial Inc. now owns 37,985 shares of the technology company’s stock worth $2,337,000 after purchasing an additional 13,012 shares during the last quarter. Hedge funds and other institutional investors own 65.38% of the company’s stock.
A number of analysts have recently issued reports on TTD shares. Cantor Fitzgerald reissued a “buy” rating and set a $67.00 target price (up from $62.00) on shares of Trade Desk in a research note on Thursday, October 5th. Needham & Company LLC reissued a “buy” rating and set a $66.00 target price (up from $62.00) on shares of Trade Desk in a research note on Thursday, October 5th. Vetr lowered shares of Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 target price for the company. in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, October 17th. Finally, Jefferies Group reissued a “buy” rating and set a $63.00 price target on shares of Trade Desk in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk has a consensus rating of “Buy” and an average price target of $64.81.
In other news, COO Robert David Perdue sold 12,500 shares of Trade Desk stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $64.87, for a total value of $810,875.00. Following the completion of the transaction, the chief operating officer now owns 82,409 shares in the company, valued at approximately $5,345,871.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $64.18, for a total value of $641,800.00. The disclosure for this sale can be found here. Insiders sold a total of 90,616 shares of company stock valued at $4,964,670 over the last ninety days. Corporate insiders own 26.87% of the company’s stock.
Trade Desk Inc (NASDAQ:TTD) traded up $1.06 during trading on Thursday, reaching $48.96. The company’s stock had a trading volume of 877,607 shares, compared to its average volume of 866,994. Trade Desk Inc has a 1-year low of $28.11 and a 1-year high of $67.30. The stock has a market cap of $2,010.00 and a price-to-earnings ratio of 48.00. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13.
Trade Desk (NASDAQ:TTD) last announced its 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 firm had revenue of $79.40 million for 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. sell-side analysts forecast that Trade Desk Inc will post 1.28 earnings per share for the current fiscal year.
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Trade Desk Profile
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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