Raiffeisen Bank International AG Increases Holdings in The Trade Desk (NASDAQ:TTD)

Key Points

• Raiffeisen Bank International AG increased its stake in The Trade Desk by 687.4%, acquiring an additional 386,553 shares, bringing its total shares to 442,786 valued at approximately $24.73 million.
• The Trade Desk reported $0.33 earnings per share for the last quarter, beating analysts' estimates of $0.26, with revenues increasing by 25.4% year-over-year to $616.02 million.
• Institutional investors currently own 67.77% of The Trade Desk's stock, highlighting strong institutional interest in the technology company's shares.

Raiffeisen Bank International AG increased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 687.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,786 shares of the technology company's stock after acquiring an additional 386,553 shares during the quarter. Raiffeisen Bank International AG owned about 0.09% of Trade Desk worth $24,730,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TTD. Investment Management Corp VA ADV acquired a new stake in shares of Trade Desk in the fourth quarter worth $25,000. Park Square Financial Group LLC acquired a new stake in shares of Trade Desk in the fourth quarter worth $47,000. BNP Paribas acquired a new stake in shares of Trade Desk in the fourth quarter worth $50,000. Banque Cantonale Vaudoise acquired a new stake in Trade Desk during the first quarter valued at $26,000. Finally, Banque Transatlantique SA acquired a new stake in Trade Desk during the fourth quarter valued at $56,000. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Down 1.0%

Shares of NASDAQ:TTD traded down $0.88 during trading on Friday, reaching $86.08. 9,973,566 shares of the company traded hands, compared to its average volume of 15,217,046. The company's 50 day moving average is $75.63 and its two-hundred day moving average is $74.12. The firm has a market capitalization of $42.30 billion, a PE ratio of 104.98, a PEG ratio of 3.91 and a beta of 1.37. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business 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 company earned $0.26 EPS. Trade Desk's revenue for the quarter was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on TTD shares. Jefferies Financial Group set a $125.00 price target on shares of Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. Stifel Nicolaus raised their price target on shares of Trade Desk from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Guggenheim decreased their price objective on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Piper Sandler increased their price objective on shares of Trade Desk from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $100.09.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the firm's 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 completion of the sale, the chief executive officer owned 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director directly owned 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company's stock.

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.