Charles Schwab Investment Management Inc. Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

Charles Schwab Investment Management Inc. boosted its stake in The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,571,868 shares of the technology company’s stock after purchasing an additional 17,874 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.32% of Trade Desk worth $122,841,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC bought a new stake in shares of Trade Desk during the 1st quarter valued at $1,946,000. Synovus Financial Corp boosted its holdings in Trade Desk by 32.8% in the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock worth $561,000 after buying an additional 1,996 shares during the period. Vontobel Holding Ltd. lifted its stake in Trade Desk by 43.0% in the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock worth $1,019,000 after purchasing an additional 4,276 shares in the last quarter. Aviva PLC lifted its stake in Trade Desk by 8.5% in the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock worth $7,146,000 after purchasing an additional 8,059 shares in the last quarter. Finally, National Pension Service lifted its stake in Trade Desk by 11.2% in the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock worth $45,550,000 after purchasing an additional 66,179 shares in the last quarter. Institutional investors own 68.23% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $71.31 on Friday. The firm’s 50 day moving average price is $70.27 and its 200-day moving average price is $74.70. The Trade Desk, Inc. has a 52-week low of $47.68 and a 52-week high of $91.85. The company has a market cap of $34.96 billion, a PE ratio of 230.03, a P/E/G ratio of 4.26 and a beta of 1.50.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Trade Desk had a net margin of 8.35% and a return on equity of 7.38%. The business had revenue of $493.27 million for the quarter, compared to the consensus estimate of $486.94 million. On average, analysts forecast that The Trade Desk, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $68.15, for a total transaction of $204,381.85. Following the transaction, the director now directly owns 42,310 shares in the company, valued at $2,883,426.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $68.15, for a total transaction of $204,381.85. Following the completion of the sale, the director now owns 42,310 shares of the company’s stock, valued at $2,883,426.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Laura Schenkein sold 2,613 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.48, for a total transaction of $173,712.24. Following the sale, the chief financial officer now directly owns 660,009 shares of the company’s stock, valued at approximately $43,877,398.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,610 shares of company stock worth $798,404. Corporate insiders own 10.81% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research analyst reports. Loop Capital initiated coverage on shares of Trade Desk in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target on the stock. BMO Capital Markets began coverage on shares of Trade Desk in a research report on Tuesday, January 9th. They set an “outperform” rating and a $88.00 target price on the stock. Piper Sandler decreased their target price on shares of Trade Desk from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Stifel Nicolaus upped their target price on shares of Trade Desk from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, Truist Financial restated a “buy” rating and set a $80.00 target price on shares of Trade Desk in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $82.81.

Check Out Our Latest Research Report on TTD

About Trade Desk

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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

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