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10,049 Shares in The Trade Desk (NASDAQ:TTD) Acquired by IPG Investment Advisors LLC

Trade Desk logo with Computer and Technology background

Key Points

  • IPG Investment Advisors LLC acquired a new stake in The Trade Desk (NASDAQ:TTD), purchasing 10,049 shares valued at approximately $550,000 during the first quarter.
  • Institutional investors and hedge funds now own 67.77% of The Trade Desk's stock, highlighting strong interest from large investment groups.
  • The Trade Desk reported $0.33 earnings per share for the last quarter, exceeding expectations and indicating a 25.4% revenue growth compared to the same period last year.
  • Interested in Trade Desk? Here are five stocks we like better.

IPG Investment Advisors LLC acquired a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,049 shares of the technology company's stock, valued at approximately $550,000.

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC increased its stake in shares of Trade Desk by 17.2% in the fourth 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 during the last quarter. Brighton Jones LLC grew its stake in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares in the last quarter. Peterson Wealth Services increased its position in Trade Desk by 2.2% in the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock worth $492,000 after purchasing an additional 190 shares during the last quarter. Huntington National Bank increased its position in Trade Desk by 11.2% in the 4th quarter. Huntington National Bank now owns 1,923 shares of the technology company's stock worth $226,000 after purchasing an additional 194 shares during the last quarter. Finally, Prosperity Consulting Group LLC raised its stake in shares of Trade Desk by 2.6% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company's stock worth $921,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $86.08 on Monday. The firm's 50-day moving average is $75.63 and its 200-day moving average is $74.12. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 104.98, a PEG ratio of 3.91 and a beta of 1.37. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. Equities analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Insider Activity at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTD. Morgan Stanley boosted their price target on Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Citigroup reiterated a "buy" rating on shares of Trade Desk in a research note on Tuesday, July 15th. JMP Securities restated a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research note on Tuesday, June 24th. Evercore ISI upgraded shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target on the stock in a report on Friday, June 27th. Finally, Truist Financial lifted their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and an average target price of $100.09.

Get Our Latest Report on TTD

Trade Desk Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD - Free Report).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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