Susquehanna Fundamental Investments LLC Buys Shares of 40,705 The Trade Desk, Inc. (NASDAQ:TTD)

Susquehanna Fundamental Investments LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 40,705 shares of the technology company's stock, valued at approximately $4,784,000.

Several other institutional investors also recently added to or reduced their stakes in TTD. Focus Financial Network Inc. increased its stake in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock worth $456,000 after purchasing an additional 84 shares in the last quarter. RMR Wealth Builders boosted its holdings in Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after buying an additional 89 shares during the period. Quotient Wealth Partners LLC grew its stake in Trade Desk by 4.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock valued at $276,000 after buying an additional 94 shares in the last quarter. TFB Advisors LLC raised its holdings in Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock valued at $442,000 after acquiring an additional 94 shares during the period. Finally, Centurion Wealth Management LLC lifted its position in shares of Trade Desk by 2.6% during the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTD. Stifel Nicolaus decreased their price target on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lowered their target price on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Citigroup decreased their price target on shares of Trade Desk from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and set a $84.00 price objective on shares of Trade Desk in a research note on Tuesday, April 22nd. Finally, Piper Sandler began coverage on Trade Desk in a research report on Thursday, April 17th. They set a "neutral" rating and a $55.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.32.

Trade Desk Stock Down 1.1 %

Shares of NASDAQ TTD traded down $0.57 during trading on Thursday, reaching $53.06. The company had a trading volume of 8,824,234 shares, compared to its average volume of 5,418,203. The business's 50-day moving average is $56.04 and its 200 day moving average is $97.77. The stock has a market cap of $26.32 billion, a PE ratio of 68.03, a P/E/G ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Trade Desk Company Profile

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.