Maxi Investments CY Ltd Purchases Shares of 43,000 The Trade Desk (NASDAQ:TTD)

Key Points

• Maxi Investments CY Ltd has invested approximately $2.35 million in The Trade Desk by purchasing 43,000 shares of the company in the first quarter, as reported in a 13F filing with the SEC.
• Significant **institutional interest** is noted, with hedge funds holding 67.77% of The Trade Desk's stock, indicating a strong backing from institutional investors.
• Trade Desk reported earnings of $0.33 per share for the last quarter, surpassing analysts' expectations, and experienced a **25.4% year-over-year revenue increase**, highlighting its robust financial performance.

Maxi Investments CY Ltd acquired a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,000 shares of the technology company's stock, valued at approximately $2,353,000.

Other large investors have also modified their holdings of the company. Brown Advisory Inc. lifted its stake 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 period. Invesco Ltd. grew its holdings in Trade Desk by 2.6% during the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after purchasing an additional 198,822 shares in the last quarter. FMR LLC grew its holdings in Trade Desk by 44.8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after purchasing an additional 1,172,082 shares in the last quarter. Bank of America Corp DE grew its holdings in Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after purchasing an additional 418,911 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Trade Desk by 3.0% during the 4th 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 purchasing an additional 99,634 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of NASDAQ TTD traded down $2.06 during trading hours on Tuesday, hitting $87.70. 8,522,929 shares of the stock were exchanged, compared to its average volume of 15,379,437. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company's 50 day moving average is $76.18 and its 200 day moving average is $73.98. The firm has a market capitalization of $43.10 billion, a P/E ratio of 106.95, a P/E/G ratio of 4.08 and a beta of 1.37.

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, topping analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The business's revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. Research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 17,018 shares of the company's stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction 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 completion of the sale, the director directly owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on TTD. Oppenheimer raised their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Truist Financial raised their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $84.00 price objective on shares of Trade Desk in a report on Friday, June 6th. Stifel Nicolaus raised their price objective on shares of Trade Desk from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company lowered shares of Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $74.00 to $68.00 in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $98.73.

Trade Desk Company 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.