ASR Vermogensbeheer N.V. Acquires Shares of 31,421 The Trade Desk (NASDAQ:TTD)

Key Points

• ASR Vermogensbeheer N.V. acquired a stake of 31,421 shares in The Trade Desk (NASDAQ: TTD), valued at approximately $1,719,000, according to recent SEC filings.
• Other institutional investors, including Vanguard Group and Brown Advisory Inc., have also increased their holdings in The Trade Desk, indicating strong institutional interest.
• The Trade Desk reported a quarterly earnings miss, with earnings per share at $0.41, falling short of analysts' expectations, but revenue increased by 18.7% year-over-year.

ASR Vermogensbeheer N.V. acquired a new stake in The Trade Desk (NASDAQ:TTD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,421 shares of the technology company's stock, valued at approximately $1,719,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Brown Advisory Inc. boosted its position in shares of Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Trade Desk by 13.2% during the fourth quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after buying an additional 418,911 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Trade Desk by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company's stock valued at $396,696,000 after buying an additional 99,634 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Trade Desk by 16.6% during the fourth quarter. Northern Trust Corp now owns 3,090,014 shares of the technology company's stock valued at $363,169,000 after buying an additional 439,725 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In related news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the transaction, the director directly owned 66,985 shares in the company, valued at $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $54.23 on Friday. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 65.34, a PEG ratio of 4.01 and a beta of 1.37. The business's fifty day moving average is $76.31 and its 200 day moving average is $73.35.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). Trade Desk had a net margin of 15.57% and a return on equity of 15.10%. The company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

TTD has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $100.00 target price on shares of Trade Desk in a research report on Tuesday, June 24th. Stifel Nicolaus cut their target price on Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday. Scotiabank cut their target price on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday. Rosenblatt Securities reaffirmed a "buy" rating on shares of Trade Desk in a research report on Friday. Finally, UBS Group reaffirmed a "buy" rating and set a $105.00 target price (up previously from $80.00) on shares of Trade Desk in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.18.

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.

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