Bokf Na Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

BOKF NA grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 408.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,201 shares of the technology company's stock after acquiring an additional 13,815 shares during the period. BOKF NA's holdings in Trade Desk were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Trade Desk during the 4th quarter valued at $524,187,000. Brown Advisory Inc. increased its stake in Trade Desk by 3,037.0% in the 4th quarter. Brown Advisory Inc. now owns 2,714,955 shares of the technology company's stock worth $319,089,000 after buying an additional 2,628,409 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Trade Desk during the fourth quarter valued at about $231,570,000. Franklin Resources Inc. lifted its position in shares of Trade Desk by 265.9% in the fourth quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock valued at $219,121,000 after acquiring an additional 1,354,891 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Trade Desk by 44.8% in the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

NASDAQ TTD traded up $11.14 on Friday, reaching $71.04. 48,867,132 shares of the stock traded hands, compared to its average volume of 5,761,137. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The company has a market cap of $35.24 billion, a price-to-earnings ratio of 91.08, a PEG ratio of 3.11 and a beta of 1.29. The company has a fifty day moving average price of $54.62 and a 200-day moving average price of $95.16.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. As a group, research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group set a $125.00 price target on Trade Desk and gave the stock a "buy" rating in a report on Tuesday, April 29th. Morgan Stanley upped their target price on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group cut their target price on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. DA Davidson decreased their price target on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Scotiabank cut their price objective on Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.88.

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.