The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 86.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,822 shares of the technology company's stock after purchasing an additional 11,074 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Trade Desk were worth $2,800,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TTD. Rialto Wealth Management LLC bought a new stake in Trade Desk during the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC raised its holdings in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after purchasing an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new stake in Trade Desk during the fourth quarter worth approximately $34,000. Midwest Capital Advisors LLC bought a new position in shares of Trade Desk in the fourth quarter valued at $34,000. Finally, Zions Bancorporation N.A. increased 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 buying an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of Trade Desk stock traded up $8.36 during trading hours on Monday, reaching $79.40. The company's stock had a trading volume of 32,452,875 shares, compared to its average volume of 5,868,214. The firm has a 50 day moving average price of $54.62 and a 200-day moving average price of $94.99. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The stock has a market cap of $39.39 billion, a P/E ratio of 101.79, a P/E/G ratio of 3.11 and a beta of 1.29.

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 (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The company had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same period in the previous year, the company earned $0.26 EPS. The firm's quarterly revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTD shares. Cfra Research raised shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Susquehanna cut their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, February 13th. Citizens Jmp cut their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday. Cantor Fitzgerald lowered their price target on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, UBS Group lowered their price target 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 equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.