GF Fund Management CO. LTD. Invests $10.02 Million in The Trade Desk, Inc. (NASDAQ:TTD)

GF Fund Management CO. LTD. purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 85,220 shares of the technology company's stock, valued at approximately $10,016,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Focus Financial Network Inc. increased its holdings in shares of Trade Desk by 2.2% in the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock worth $456,000 after buying an additional 84 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Trade Desk by 4.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock worth $276,000 after buying an additional 94 shares during the last quarter. TFB Advisors LLC increased its holdings in shares of Trade Desk by 2.6% in the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock worth $442,000 after buying an additional 94 shares during the last quarter. Centurion Wealth Management LLC increased its holdings in shares of Trade Desk by 2.6% in the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after buying an additional 96 shares during the last quarter. Finally, Values First Advisors Inc. increased its holdings in shares of Trade Desk by 0.9% in the 4th quarter. Values First Advisors Inc. now owns 11,892 shares of the technology company's stock worth $1,398,000 after buying an additional 107 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Trading Up 2.9%

Shares of TTD traded up $2.17 during mid-day trading on Tuesday, hitting $76.06. The company's stock had a trading volume of 4,608,925 shares, compared to its average volume of 5,989,324. The Trade Desk, Inc. has a 52-week low of $42.96 and a 52-week high of $141.53. The company's 50-day moving average is $58.45 and its 200-day moving average is $91.49. The firm has a market capitalization of $37.73 billion, a price-to-earnings ratio of 97.51, a PEG ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $0.26 earnings per share. Trade Desk's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the transaction, the chief executive officer now owns 17,018 shares in the company, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David B. Wells sold 28,638 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director now owns 66,985 shares in the company, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TTD has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Truist Financial lifted their price target on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. BMO Capital Markets dropped their price target on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. UBS Group dropped their price target 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. Finally, Piper Sandler lifted their price target on shares of Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. 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 data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.12.

Trade Desk 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.