The Trade Desk (NASDAQ:TTD) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in The Trade Desk by 17.7% during the first quarter, acquiring an additional 201,717 shares, amounting to a total worth of $73.54 million.
• The company's stock has experienced a decline of 38.6%, with current trading around $54.23, down from a 52-week high of $141.53.
• Despite missing earnings expectations, Trade Desk's revenue increased by 18.7% year-over-year, reporting $694.04 million for the last quarter.

Deutsche Bank AG lifted its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,343,844 shares of the technology company's stock after acquiring an additional 201,717 shares during the period. Deutsche Bank AG owned approximately 0.27% of Trade Desk worth $73,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Brighton Jones LLC lifted its stake in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after buying an additional 169 shares in the last quarter. Bessemer Group Inc. grew its holdings in Trade Desk by 3.2% during the 4th quarter. Bessemer Group Inc. now owns 8,119 shares of the technology company's stock valued at $955,000 after purchasing an additional 251 shares during the last quarter. F M Investments LLC bought a new position in Trade Desk during the 4th quarter valued at about $207,000. Scotia Capital Inc. grew its holdings in Trade Desk by 75.2% during the 4th quarter. Scotia Capital Inc. now owns 7,013 shares of the technology company's stock valued at $824,000 after purchasing an additional 3,011 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Trade Desk by 1.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 43,438 shares of the technology company's stock valued at $5,105,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded up $1.09 during midday trading on Wednesday, hitting $54.36. The company's stock had a trading volume of 19,300,596 shares, compared to its average volume of 11,106,356. The business's 50 day simple moving average is $75.45 and its 200 day simple moving average is $72.10. The company has a market cap of $26.71 billion, a P/E ratio of 65.49, a price-to-earnings-growth ratio of 2.74 and a beta of 1.37. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%. The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTD. Royal Bank Of Canada restated an "outperform" rating and issued a $90.00 target price (down from $100.00) on shares of Trade Desk in a research note on Friday, August 8th. Macquarie upped their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Arete Research raised shares of Trade Desk to a "strong sell" rating in a research report on Monday, July 28th. Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price for the company in a research report on Friday, June 27th. Finally, Moffett Nathanson cut shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a report on Friday, August 8th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.33.

About Trade Desk

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.