The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,003 shares of the technology company's stock after purchasing an additional 16,144 shares during the period. CANADA LIFE ASSURANCE Co owned 0.06% of Trade Desk worth $33,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TTD. Canada Pension Plan Investment Board increased its position in Trade Desk by 374.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 290,418 shares of the technology company's stock valued at $34,133,000 after purchasing an additional 229,196 shares during the period. First Commonwealth Financial Corp PA purchased a new position in shares of Trade Desk in the 4th quarter valued at $435,000. Jump Financial LLC lifted its position in shares of Trade Desk by 404.8% during the fourth quarter. Jump Financial LLC now owns 143,020 shares of the technology company's stock valued at $16,809,000 after buying an additional 114,687 shares during the last quarter. Anchor Investment Management LLC raised its stake in shares of Trade Desk by 17.2% during the 4th quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock worth $120,000 after acquiring an additional 150 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in Trade Desk during the fourth quarter valued at approximately $1,423,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Up 5.7 %

TTD traded up $2.84 during trading on Thursday, hitting $52.92. 3,230,814 shares of the stock were exchanged, compared to its average volume of 5,342,135. The firm has a market capitalization of $26.25 billion, a P/E ratio of 67.78, a PEG ratio of 3.11 and a beta of 1.56. The stock has a fifty day moving average price of $58.76 and a two-hundred day moving average price of $100.32. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (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%. Analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Analyst Ratings Changes

TTD has been the topic of several recent analyst reports. Citizens Jmp raised Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald decreased their price objective on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Wedbush boosted their target price on shares of Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Wolfe Research raised their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, UBS Group dropped their price objective on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and an average price target of $102.90.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.72% of the stock is currently owned by corporate insiders.

About Trade Desk

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.