M Holdings Securities Inc. raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,158 shares of the technology company’s stock after buying an additional 717 shares during the period. M Holdings Securities Inc.’s holdings in Trade Desk were worth $547,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. MetLife Investment Management LLC bought a new stake in shares of Trade Desk during the 1st quarter worth about $1,946,000. Synovus Financial Corp boosted its stake in shares of Trade Desk by 32.8% during the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock worth $561,000 after acquiring an additional 1,996 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Trade Desk by 43.0% during the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock worth $1,019,000 after acquiring an additional 4,276 shares in the last quarter. Aviva PLC boosted its stake in shares of Trade Desk by 8.5% during the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock worth $7,146,000 after acquiring an additional 8,059 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Trade Desk by 11.2% during the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock worth $45,550,000 after acquiring an additional 66,179 shares in the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Morgan Stanley increased their target price on Trade Desk from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, February 16th. Needham & Company LLC restated a “buy” rating and set a $68.00 target price on shares of Trade Desk in a research note on Friday, February 24th. Piper Sandler assumed coverage on Trade Desk in a research note on Tuesday, December 20th. They set an “overweight” rating and a $60.00 target price for the company. Jefferies Financial Group cut Trade Desk from a “buy” rating to a “hold” rating and cut their price target for the company from $65.00 to $55.00 in a report on Thursday, December 15th. They noted that the move was a valuation call. Finally, Stephens upped their price target on Trade Desk from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.55.
Trade Desk Price Performance
Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $490.74 million for the quarter, compared to the consensus estimate of $491.24 million. Trade Desk had a return on equity of 2.86% and a net margin of 3.38%. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.
About Trade Desk
The Trade Desk, Inc engages in the provision of a technology platform for advertising buyers. It operates through the United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.
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