Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Trade Desk Inc (NASDAQ:TTD) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,129 shares of the technology company’s stock after buying an additional 815 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Trade Desk were worth $1,529,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Trade Desk during the 3rd quarter valued at about $177,000. GWM Advisors LLC bought a new position in Trade Desk during the 3rd quarter valued at about $219,000. Envestnet Asset Management Inc. bought a new position in Trade Desk during the 2nd quarter valued at about $147,000. Mount Yale Investment Advisors LLC grew its holdings in Trade Desk by 235.7% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock valued at $155,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Iron Financial LLC bought a new position in Trade Desk during the 3rd quarter valued at about $261,000. Hedge funds and other institutional investors own 70.47% of the company’s stock.
Shares of TTD stock opened at $126.60 on Friday. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 106.39, a P/E/G ratio of 4.36 and a beta of 3.06. Trade Desk Inc has a one year low of $40.70 and a one year high of $161.50.
Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 9th. The technology company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $103.87 million. During the same period in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Trade Desk Inc will post 1.44 earnings per share for the current fiscal year.
In other news, Director Thomas Falk sold 58,456 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $144.93, for a total transaction of $8,472,028.08. Following the transaction, the director now directly owns 9,390 shares in the company, valued at $1,360,892.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $108.23, for a total transaction of $1,082,300.00. Following the transaction, the insider now owns 55,020 shares in the company, valued at $5,954,814.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 650,071 shares of company stock worth $87,892,372. Insiders own 26.87% of the company’s stock.
Several equities analysts recently commented on TTD shares. Citigroup started coverage on shares of Trade Desk in a report on Tuesday, October 2nd. They set a “neutral” rating and a $138.00 price target on the stock. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Friday, August 24th. BidaskClub upgraded shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 14th. SunTrust Banks upped their target price on shares of Trade Desk to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $170.00 target price (up from $126.00) on shares of Trade Desk in a research note on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Trade Desk presently has a consensus rating of “Buy” and an average price target of $118.00.
About Trade Desk
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 connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
Further Reading: What factors cause inflation to rise?
Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trade Desk Inc (NASDAQ:TTD).
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.