Keybank National Association OH Has $15.23 Million Stock Position in The Trade Desk (NASDAQ:TTD)

Keybank National Association OH increased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 278,359 shares of the technology company's stock after purchasing an additional 11,676 shares during the period. Keybank National Association OH owned 0.06% of Trade Desk worth $15,232,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock valued at $5,015,035,000 after purchasing an additional 253,137 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Trade Desk by 2.6% during the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock worth $930,477,000 after buying an additional 198,822 shares during the period. Norges Bank acquired a new position in Trade Desk in the 4th quarter valued at about $524,187,000. FMR LLC raised its holdings in Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after acquiring an additional 1,172,082 shares during the period. Finally, Bank of America Corp DE lifted its position in 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 worth $422,150,000 after acquiring an additional 418,911 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In other 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 sale, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer owned 17,018 shares in the company, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. Rosenblatt Securities upped their price objective on Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 6th. Oppenheimer lifted their target price on Trade Desk from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Macquarie upped their price target on shares of Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.27.

Trade Desk Price Performance

TTD stock opened at $73.58 on Thursday. The stock has a market cap of $36.16 billion, a price-to-earnings ratio of 89.73, a P/E/G ratio of 3.37 and a beta of 1.36. The company has a 50 day simple moving average of $69.02 and a 200 day simple moving average of $81.16. 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 announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same period in the prior year, the business earned $0.26 earnings per share. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

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.

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