Schroder Investment Management Group Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Schroder Investment Management Group boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 403,285 shares of the technology company’s stock after purchasing an additional 7,126 shares during the quarter. Schroder Investment Management Group’s holdings in Trade Desk were worth $29,020,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC boosted its holdings in Trade Desk by 91.7% during the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares in the last quarter. Norges Bank acquired a new stake in shares of Trade Desk during the 4th quarter valued at about $255,316,000. ARK Investment Management LLC grew its position in shares of Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after acquiring an additional 1,979,319 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Trade Desk in the 3rd quarter valued at about $99,035,000. Finally, International Assets Investment Management LLC raised its holdings in Trade Desk by 6,600.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock worth $78,549,000 after purchasing an additional 1,075,269 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $85.42, for a total value of $6,406,500.00. Following the transaction, the chief executive officer now owns 1,117,629 shares of the company’s stock, valued at $95,467,869.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 368,607 shares of company stock valued at $31,477,358 in the last ninety days. Insiders own 10.18% of the company’s stock.

Trade Desk Trading Down 1.6 %

TTD stock opened at $92.65 on Tuesday. The company has a market capitalization of $45.32 billion, a P/E ratio of 231.63, a PEG ratio of 4.96 and a beta of 1.49. The business has a 50 day simple moving average of $88.63 and a 200-day simple moving average of $79.80. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $98.18.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The company had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Research analysts predict that The Trade Desk, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTD. Stephens restated an “overweight” rating and issued a $85.00 price objective on shares of Trade Desk in a research report on Friday, February 16th. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. Citigroup boosted their target price on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of Trade Desk in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.01.

View Our Latest Analysis on TTD

About Trade Desk

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers 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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