The Trade Desk (NASDAQ:TTD) Shares Bought by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. increased its stake in The Trade Desk by 255.0%, owning a total of 82,810 shares worth approximately $4.53 million following additional purchases.
• The Trade Desk's stock has seen a recent decline of 4.4%, trading at $84.53 with a market cap of $41.54 billion.
• Several analysts have set optimistic price targets for Trade Desk, with a consensus target price of $99.64 and a rating of "Moderate Buy".

Pacer Advisors Inc. boosted its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 255.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,810 shares of the technology company's stock after purchasing an additional 59,484 shares during the period. Pacer Advisors Inc.'s holdings in Trade Desk were worth $4,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk during the 4th quarter valued at $25,000. Park Square Financial Group LLC purchased a new position in shares of Trade Desk during the 4th quarter valued at $47,000. BNP Paribas purchased a new position in shares of Trade Desk during the 4th quarter valued at $50,000. Banque Transatlantique SA purchased a new position in shares of Trade Desk during the 4th quarter valued at $56,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Trade Desk in the fourth quarter worth $56,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTD has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, June 24th. Rosenblatt Securities increased their price target on shares of Trade Desk from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Jefferies Financial Group set a $125.00 price target on shares of Trade Desk and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Stifel Nicolaus increased their price target on shares of Trade Desk from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Friday, June 27th. Eight investment analysts have rated the stock with a hold rating and twenty-six have given 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 $99.64.

Trade Desk Stock Up 2.2%

NASDAQ:TTD traded up $1.89 during mid-day trading on Wednesday, reaching $86.42. The company's stock had a trading volume of 6,005,236 shares, compared to its average volume of 10,137,955. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The stock has a fifty day moving average of $74.89 and a 200-day moving average of $75.11. The firm has a market capitalization of $42.47 billion, a PE ratio of 105.39, a price-to-earnings-growth ratio of 4.02 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The business 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 company's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. On average, analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity

In related news, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director directly owned 66,985 shares of the company's stock, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction that occurred 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 directly owned 17,018 shares of the company's stock, valued at $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. Corporate insiders own 10.00% of the company's stock.

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.