Moody Aldrich Partners LLC boosted its holdings in shares of Trade Desk Inc (NASDAQ:TTD) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,188 shares of the technology company’s stock after acquiring an additional 2,973 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Trade Desk were worth $3,047,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in Trade Desk by 23.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 14,457 shares of the technology company’s stock valued at $2,182,000 after purchasing an additional 2,760 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Trade Desk by 8.8% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 10,129 shares of the technology company’s stock valued at $1,529,000 after purchasing an additional 815 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in Trade Desk during the 3rd quarter valued at $423,000. Harvest Fund Management Co. Ltd bought a new stake in Trade Desk during the 3rd quarter valued at $177,000. Finally, GWM Advisors LLC bought a new stake in Trade Desk during the 3rd quarter valued at $219,000. Institutional investors own 70.47% of the company’s stock.
In other news, COO Robert David Perdue sold 903 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $124.79, for a total value of $112,685.37. Following the completion of the transaction, the chief operating officer now directly owns 132,996 shares of the company’s stock, valued at approximately $16,596,570.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $108.23, for a total value of $1,082,300.00. Following the completion of the transaction, the insider now directly owns 55,020 shares of the company’s stock, valued at $5,954,814.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 650,974 shares of company stock valued at $88,005,057. Corporate insiders own 26.87% of the company’s stock.
A number of brokerages have weighed in on TTD. BidaskClub lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Royal Bank of Canada lifted their target price on Trade Desk from $80.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Oppenheimer lifted their target price on Trade Desk from $101.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Stifel Nicolaus lifted their target price on Trade Desk from $97.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $110.00 target price on shares of Trade Desk in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $118.00.
TTD opened at $127.95 on Friday. The firm has a market capitalization of $4.95 billion, a PE ratio of 107.52, a P/E/G ratio of 4.36 and a beta of 3.06. Trade Desk Inc has a 12 month low of $40.70 and a 12 month high of $161.50.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 9th. The technology company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. The firm had revenue of $112.30 million during the quarter, compared to analyst estimates of $103.87 million. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The business’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, research analysts anticipate that Trade Desk Inc will post 1.44 earnings per share for the current year.
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.
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