The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,142,127 shares of the technology company's stock after acquiring an additional 224,304 shares during the quarter. Deutsche Bank AG owned about 0.23% of Trade Desk worth $134,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in Trade Desk in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC lifted its holdings in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at about $34,000. Zions Bancorporation N.A. lifted its holdings in shares of Trade Desk by 148.3% in the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at about $35,000. Institutional investors own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TTD shares. Truist Financial upped their target price on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank of Canada dropped their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley increased their price objective on Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $98.88.

Trade Desk Stock Performance

NASDAQ TTD traded up $8.36 on Monday, reaching $79.40. The stock had a trading volume of 32,452,875 shares, compared to its average volume of 5,868,214. The business's 50-day moving average price is $54.62 and its 200 day moving average price is $94.99. The Trade Desk, Inc. has a 12-month low of $42.96 and a 12-month high of $141.53. The stock has a market cap of $39.39 billion, a P/E ratio of 101.79, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The business had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same quarter last year, the business posted $0.26 earnings per share. The business's revenue for the quarter was up 25.4% on a year-over-year basis. On average, sell-side analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has approved a stock buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board 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.