California State Teachers Retirement System Sells 6,188 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

California State Teachers Retirement System reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTDGet Rating) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 728,850 shares of the technology company’s stock after selling 6,188 shares during the quarter. California State Teachers Retirement System’s holdings in Trade Desk were worth $43,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First PREMIER Bank bought a new stake in shares of Trade Desk during the third quarter worth about $26,000. MUFG Americas Holdings Corp bought a new stake in shares of Trade Desk during the third quarter worth about $30,000. Activest Wealth Management grew its holdings in shares of 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 purchasing an additional 308 shares during the last quarter. BDO Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 405 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of 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 purchasing an additional 532 shares during the last quarter. 67.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on TTD. New Street Research began coverage on Trade Desk in a research note on Wednesday, January 4th. They issued a “neutral” rating and a $43.00 price objective on the stock. Benchmark lowered Trade Desk from a “hold” rating to a “sell” rating and set a $38.00 price objective on the stock. in a research note on Thursday, March 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Trade Desk in a research note on Friday, February 24th. Credit Suisse Group lifted their price objective on Trade Desk from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Finally, DA Davidson lifted their price objective on Trade Desk from $56.00 to $76.00 and gave the stock a “buy” rating in a research note 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.55.

Trade Desk Stock Down 0.6 %

NASDAQ TTD opened at $58.51 on Friday. The company has a market cap of $28.72 billion, a price-to-earnings ratio of 585.10, a P/E/G ratio of 5.04 and a beta of 1.83. The Trade Desk, Inc. has a 52 week low of $39.00 and a 52 week high of $76.75. The business has a 50 day moving average price of $52.81 and a 200-day moving average price of $53.01.

Trade Desk (NASDAQ:TTDGet Rating) last released its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $490.74 million for 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%. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.

Trade Desk Profile

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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.

Further Reading

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

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