National Pension Service Has $36.85 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

National Pension Service lessened its position in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 8.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 606,000 shares of the technology company’s stock after selling 56,863 shares during the period. National Pension Service’s holdings in Trade Desk were worth $36,845,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new position in Trade Desk during the third quarter worth $26,000. MUFG Americas Holdings Corp acquired a new position in Trade Desk during the third quarter worth $30,000. Activest Wealth Management raised its holdings in Trade Desk by 125.2% during the third quarter. Activest Wealth Management now owns 554 shares of the technology company’s stock worth $33,000 after buying an additional 308 shares during the last quarter. BDO Wealth Advisors LLC raised its holdings in Trade Desk by 250.0% during the third quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company’s stock worth $34,000 after buying an additional 405 shares during the last quarter. Finally, CI Investments Inc. raised its holdings in Trade Desk by 1,003.8% during the third quarter. CI Investments Inc. now owns 585 shares of the technology company’s stock worth $35,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.

Trade Desk Trading Up 6.9 %

NASDAQ:TTD opened at $58.88 on Friday. The stock has a market capitalization of $28.90 billion, a PE ratio of 588.86, a price-to-earnings-growth ratio of 4.84 and a beta of 1.83. The firm’s 50 day moving average is $52.49 and its 200 day moving average is $53.04. The Trade Desk, Inc. has a 12 month low of $39.00 and a 12 month high of $76.75.

Trade Desk (NASDAQ:TTD – Get Rating) last issued its earnings results on Wednesday, February 15th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. The business had revenue of $490.74 million for the quarter, compared to the consensus estimate of $491.24 million. Research analysts predict that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TTD shares. DA Davidson upped their price objective on shares of Trade Desk from $56.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Piper Sandler initiated coverage on shares of Trade Desk in a report on Tuesday, December 20th. They set an “overweight” rating and a $60.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Trade Desk from $50.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. Jefferies Financial Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and cut their price objective for the stock from $65.00 to $55.00 in a report on Thursday, December 15th. They noted that the move was a valuation call. Finally, Oppenheimer lifted their price objective on shares of Trade Desk from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $71.55.

About Trade Desk

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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.