Brown Advisory Inc. Has $443.36 Million Position in The Trade Desk (NASDAQ:TTD)

Brown Advisory Inc. lifted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 198.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,102,294 shares of the technology company's stock after purchasing an additional 5,387,339 shares during the quarter. Brown Advisory Inc. owned 1.63% of Trade Desk worth $443,358,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Investment Management Corp VA ADV acquired a new stake in Trade Desk in the 4th quarter valued at approximately $25,000. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at approximately $26,000. Cloud Capital Management LLC acquired a new stake in Trade Desk in the 1st quarter valued at approximately $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk in the 1st quarter valued at approximately $31,000. Finally, Zions Bancorporation N.A. raised its position in Trade Desk by 148.3% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $2,287,603.44. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business'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 transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.72% of the company's stock.

Trade Desk Price Performance

TTD opened at $73.56 on Tuesday. The business has a fifty day simple moving average of $70.23 and a 200 day simple moving average of $79.32. The company has a market capitalization of $36.15 billion, a PE ratio of 89.71, a price-to-earnings-growth ratio of 3.41 and a beta of 1.36. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TTD shares. KeyCorp lifted their target price on Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Stifel Nicolaus dropped their target price on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer raised their price target on Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Wedbush restated an "outperform" rating and issued a $86.00 price target (up from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. Finally, Truist Financial raised their price target on Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $97.27.

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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