B. Riley Wealth Advisors Inc. lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 65.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 35,584 shares of the technology company’s stock after acquiring an additional 14,035 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Trade Desk were worth $2,126,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. First PREMIER Bank acquired a new position in shares of Trade Desk in the third quarter valued at about $26,000. MUFG Americas Holdings Corp acquired a new position in shares of Trade Desk in the third quarter valued at about $30,000. Activest Wealth Management grew its stake in shares of Trade Desk by 125.2% in the third quarter. Activest Wealth Management now owns 554 shares of the technology company’s stock valued at $33,000 after acquiring an additional 308 shares in the last quarter. BDO Wealth Advisors LLC grew its stake in shares of Trade Desk by 250.0% in the third quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company’s stock valued at $34,000 after acquiring an additional 405 shares in the last quarter. Finally, CI Investments Inc. grew its stake in shares of Trade Desk by 1,003.8% in the third quarter. CI Investments Inc. now owns 585 shares of the technology company’s stock valued at $35,000 after acquiring an additional 532 shares in the last quarter. 67.04% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on TTD shares. StockNews.com started coverage on shares of Trade Desk in a research note on Thursday. They issued a “hold” rating on the stock. Jefferies Financial Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $65.00 to $55.00 in a research note on Thursday, December 15th. They noted that the move was a valuation call. Vertical Research downgraded shares of Trade Desk from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 24th. Piper Sandler started coverage on shares of Trade Desk in a research note on Tuesday, December 20th. They set an “overweight” rating and a $60.00 price objective on the stock. Finally, KeyCorp increased their price objective on shares of Trade Desk from $55.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.
Trade Desk Price Performance
Trade Desk (NASDAQ:TTD – Get Rating) last issued its quarterly earnings data 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). The business had revenue of $490.74 million during the quarter, compared to the consensus estimate of $491.24 million. Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. As a group, research analysts anticipate that The Trade Desk, Inc. will post 0.47 earnings per share for the current fiscal year.
Trade Desk Profile
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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