Schwab Charles Investment Management Inc. lifted its holdings in The Trade Desk Inc. (NASDAQ:TTD) by 232.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,900 shares of the technology company’s stock after buying an additional 20,200 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.07% of The Trade Desk worth $1,449,000 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. Nationwide Fund Advisors increased its holdings in shares of The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,824 shares during the period. American International Group Inc. purchased a new position in The Trade Desk in the first quarter worth $126,000. Strs Ohio grew its position in The Trade Desk by 100.0% in the second quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock worth $340,000 after acquiring an additional 3,400 shares in the last quarter. Jane Street Group LLC purchased a new position in The Trade Desk in the first quarter worth $293,000. Finally, Russell Investments Group Ltd. purchased a new position in The Trade Desk in the second quarter worth $401,000. Hedge funds and other institutional investors own 62.48% of the company’s stock.
Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target (up from $57.00) on shares of The Trade Desk in a report on Friday, August 11th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $66.00 price target (up from $60.00) on shares of The Trade Desk in a report on Monday, August 14th. Vetr cut shares of The 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. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $62.00 price target on shares of The Trade Desk in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $67.07.
Shares of The Trade Desk Inc. (NASDAQ TTD) traded down $8.29 during mid-day trading on Friday, reaching $50.99. 9,841,200 shares of the company’s stock traded hands, compared to its average volume of 909,412. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2,417.44, a price-to-earnings ratio of 57.00 and a beta of 7.32. The Trade Desk Inc. has a one year low of $24.02 and a one year high of $67.30.
The Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. The Trade Desk had a net margin of 15.93% and a return on equity of 25.60%. The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The Trade Desk’s revenue was up 49.8% on a year-over-year basis. sell-side analysts anticipate that The Trade Desk Inc. will post 1.16 EPS for the current fiscal year.
In other news, insider David Randall Pickles sold 75,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $49.91, for a total transaction of $3,743,250.00. Following the sale, the insider now owns 127,736 shares in the company, valued at $6,375,303.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Robert David Perdue sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $53.66, for a total transaction of $670,750.00. Following the completion of the sale, the chief operating officer now owns 82,664 shares in the company, valued at approximately $4,435,750.24. The disclosure for this sale can be found here. Insiders have sold 240,894 shares of company stock valued at $13,764,597 in the last ninety days. Insiders own 26.87% of the company’s stock.
About The 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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