The Trade Desk Inc. (TTD) Position Boosted by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of The Trade Desk Inc. (NASDAQ:TTD) by 161.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,223 shares of the technology company’s stock after buying an additional 134,166 shares during the quarter. Northern Trust Corp owned about 0.54% of The Trade Desk worth $10,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of TTD. Quantum Capital Management LLC NJ purchased a new position in shares of The Trade Desk in the 2nd quarter worth about $3,787,000. American International Group Inc. purchased a new position in shares of The Trade Desk in the 1st quarter worth about $126,000. Shaker Investments LLC OH purchased a new position in shares of The Trade Desk in the 2nd quarter worth about $1,116,000. Acadian Asset Management LLC purchased a new position in shares of The Trade Desk in the 2nd quarter worth about $1,341,000. Finally, Strs Ohio boosted its holdings in shares of The Trade Desk by 100.0% in the 2nd quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock worth $340,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 62.48% of the company’s stock.

Shares of The Trade Desk Inc. (TTD) opened at $64.62 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.14. The company has a market cap of $2,635.20, a price-to-earnings ratio of 61.54 and a beta of 7.32.

The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. equities analysts anticipate that The Trade Desk Inc. will post 1.16 earnings per share for the current year.

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In other The Trade Desk news, CEO Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.26, for a total transaction of $596,340.00. Following the completion of the transaction, the chief executive officer now owns 99,400 shares of the company’s stock, valued at approximately $6,586,244. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Randall Pickles sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $49.91, for a total value of $3,743,250.00. Following the transaction, the insider now directly owns 127,736 shares of the company’s stock, valued at approximately $6,375,303.76. The disclosure for this sale can be found here. In the last three months, insiders sold 240,894 shares of company stock valued at $13,764,597. 26.87% of the stock is currently owned by corporate insiders.

A number of research firms have recently issued reports on TTD. Vetr cut The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price objective for the company. in a report on Tuesday, October 31st. Zacks Investment Research upgraded The Trade Desk from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Tuesday, October 17th. Macquarie began coverage on The Trade Desk in a report on Thursday, October 12th. They issued an “outperform” rating and a $78.00 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $67.00 price objective (up from $62.00) on shares of The Trade Desk in a report on Thursday, October 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective (up from $62.00) on shares of The Trade Desk in a report on Thursday, October 5th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.63.

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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Institutional Ownership by Quarter for The Trade Desk (NASDAQ:TTD)

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