Gideon Capital Advisors Inc. Buys Shares of 1,607 Trade Desk Inc (TTD)

Gideon Capital Advisors Inc. bought a new position in Trade Desk Inc (NASDAQ:TTD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,607 shares of the technology company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of Trade Desk by 106.3% in the second quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock worth $160,908,000 after buying an additional 883,811 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Trade Desk by 1,770.2% during the third quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock valued at $102,358,000 after acquiring an additional 718,872 shares during the period. BlackRock Inc. boosted its holdings in shares of Trade Desk by 39.5% during the second quarter. BlackRock Inc. now owns 1,992,379 shares of the technology company’s stock valued at $186,884,000 after acquiring an additional 564,170 shares during the period. Jennison Associates LLC acquired a new stake in Trade Desk in the second quarter worth about $37,534,000. Finally, Renaissance Technologies LLC lifted its holdings in Trade Desk by 93.1% in the second quarter. Renaissance Technologies LLC now owns 552,105 shares of the technology company’s stock worth $51,787,000 after purchasing an additional 266,205 shares during the period. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Several brokerages have commented on TTD. Zacks Investment Research cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday. 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 note on Friday, August 10th. Oppenheimer boosted their price target on Trade Desk from $101.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Finally, Stifel Nicolaus boosted their price target on Trade Desk from $97.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $118.53.

In related news, CFO Paul Ross sold 3,691 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $110.55, for a total transaction of $408,040.05. Following the sale, the chief financial officer now owns 43,413 shares in the company, valued at approximately $4,799,307.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathryn E. Falberg sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $134.83, for a total value of $2,696,600.00. Following the sale, the director now owns 49,786 shares in the company, valued at approximately $6,712,646.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,736 shares of company stock valued at $84,569,163. Insiders own 26.87% of the company’s stock.

TTD opened at $142.45 on Friday. The firm has a market capitalization of $6.09 billion, a P/E ratio of 119.71, a PEG ratio of 3.61 and a beta of 3.16. Trade Desk Inc has a 1 year low of $40.70 and a 1 year high of $161.50.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). Trade Desk had a return on equity of 22.86% and a net margin of 15.62%. The business had revenue of $118.80 million for the quarter, compared to analyst estimates of $117.48 million. During the same period last year, the firm posted $0.35 EPS. Trade Desk’s quarterly revenue was up 49.6% on a year-over-year basis. On average, equities analysts predict that Trade Desk Inc will post 1.56 earnings per share for the current fiscal year.

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Trade Desk Profile

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

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