Trade Desk Inc (NASDAQ:TTD) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in Trade Desk Inc (NASDAQ:TTD) by 15.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,407 shares of the technology company’s stock after buying an additional 186 shares during the period. Oppenheimer & Co. Inc.’s holdings in Trade Desk were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TTD. Valeo Financial Advisors LLC raised its holdings in shares of Trade Desk by 59.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after buying an additional 59 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Trade Desk by 3.3% during the second quarter. WINTON GROUP Ltd now owns 2,201 shares of the technology company’s stock worth $501,000 after purchasing an additional 71 shares in the last quarter. Roman Butler Fullerton & Co. lifted its stake in shares of Trade Desk by 3.7% during the second quarter. Roman Butler Fullerton & Co. now owns 3,212 shares of the technology company’s stock worth $732,000 after purchasing an additional 114 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Trade Desk by 213.1% during the second quarter. Flagship Harbor Advisors LLC now owns 191 shares of the technology company’s stock worth $43,000 after purchasing an additional 130 shares in the last quarter. Finally, Coastal Investment Advisors Inc. acquired a new position in shares of Trade Desk during the second quarter worth about $34,000. 66.45% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ TTD traded up $3.12 during midday trading on Thursday, reaching $214.83. 57,995 shares of the company’s stock were exchanged, compared to its average volume of 1,515,236. Trade Desk Inc has a 52-week low of $102.35 and a 52-week high of $289.51. The stock has a market capitalization of $9.61 billion, a PE ratio of 112.06, a price-to-earnings-growth ratio of 4.20 and a beta of 2.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62. The business’s fifty day moving average price is $251.48 and its two-hundred day moving average price is $223.43.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.51. Trade Desk had a return on equity of 23.63% and a net margin of 17.44%. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $155.26 million. During the same period in the previous year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. Analysts predict that Trade Desk Inc will post 1.85 earnings per share for the current fiscal year.

TTD has been the topic of a number of recent research reports. ValuEngine cut Trade Desk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Citigroup cut Trade Desk from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $205.00 to $250.00 in a research note on Wednesday, July 24th. Nomura boosted their price objective on Trade Desk from $144.00 to $165.00 and gave the stock a “reduce” rating in a research note on Friday, August 9th. BidaskClub lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, Royal Bank of Canada lifted their target price on Trade Desk to $250.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $225.67.

In related news, insider Susan Vobejda sold 875 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $236.00, for a total value of $206,500.00. Following the completion of the sale, the insider now directly owns 37,704 shares of the company’s stock, valued at $8,898,144. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vivian Yang sold 6,935 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $243.27, for a total value of $1,687,077.45. Following the completion of the sale, the insider now directly owns 42,464 shares of the company’s stock, valued at $10,330,217.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 490,124 shares of company stock worth $125,834,431. Corporate insiders own 17.44% of the company’s stock.

Trade Desk Company 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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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