GenTrust LLC continued to hold its position in The Trade Desk Inc. (NASDAQ:TTD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,800 shares of the technology company’s stock at the end of the second quarter. GenTrust LLC’s holdings in The Trade Desk were worth $341,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in TTD. Wexford Capital LP raised its position in The Trade Desk by 0.5% in the first quarter. Wexford Capital LP now owns 19,879 shares of the technology company’s stock worth $740,000 after buying an additional 100 shares in the last quarter. Strs Ohio raised its stake in shares of The Trade Desk by 100.0% in the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock worth $126,000 after buying an additional 1,700 shares in the last quarter. Nationwide Fund Advisors raised its stake 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 buying an additional 1,824 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of The Trade Desk during the first quarter worth $103,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of The Trade Desk by 18.1% in the first 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. 53.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Trade Desk Inc. (NASDAQ:TTD) traded up 2.36% on Friday, hitting $49.51. The company had a trading volume of 1,372,148 shares. The Trade Desk Inc. has a 12 month low of $22.00 and a 12 month high of $57.87. The stock has a market cap of $2.02 billion and a PE ratio of 45.72. The company has a 50-day moving average of $52.15 and a 200 day moving average of $44.47.
The Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $68.02 million. The Trade Desk’s quarterly revenue was up 54.2% on a year-over-year basis. Analysts anticipate that The Trade Desk Inc. will post $1.44 EPS for the current fiscal year.
TTD has been the topic of a number of analyst reports. Zacks Investment Research lowered The Trade Desk from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Royal Bank Of Canada lifted their price objective on The Trade Desk from $45.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, May 12th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $60.00 price objective (up previously from $41.00) on shares of The Trade Desk in a report on Friday, May 12th. Needham & Company LLC lifted their price objective on The Trade Desk from $48.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 12th. Finally, Cantor Fitzgerald upgraded shares of The Trade Desk from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $45.00 to $56.00 in a research report on Friday, May 12th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.00.
In other news, insider Venture Strategies Fund I. Ia sold 3,186,017 shares of The Trade Desk stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $50.05, for a total transaction of $159,460,150.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn E. Falberg purchased 20,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of $48.06 per share, with a total value of $961,200.00. Following the transaction, the director now owns 40,000 shares in the company, valued at $1,922,400. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 4,939,884 shares of company stock valued at $251,064,987. Insiders own 26.87% of the company’s stock.
The Trade Desk Company 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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