Rathbones Group PLC Acquires 15,307 Shares of The Trade Desk (NASDAQ:TTD)

Key Points

• Rathbones Group PLC increased its holdings in The Trade Desk by 292.6%, acquiring an additional 15,307 shares for a total of 20,538 shares worth approximately $1.12 million.
• The Trade Desk recently reported $0.18 EPS, missing analysts' expectations of $0.42, despite revenue of $694.04 million for the quarter, which was above the consensus estimate.
• Institutional investors own 67.77% of The Trade Desk's shares, indicating strong support from hedge funds and other institutions in the company.

Rathbones Group PLC boosted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 292.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,538 shares of the technology company's stock after purchasing an additional 15,307 shares during the period. Rathbones Group PLC's holdings in Trade Desk were worth $1,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Trade Desk by 3.7% during the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after buying an additional 1,567,491 shares during the period. Brown Advisory Inc. boosted its holdings in Trade Desk by 198.4% in the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after acquiring an additional 5,387,339 shares in the last quarter. Bank of America Corp DE increased its position 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 during the period. Nuveen LLC purchased a new position in Trade Desk during the 1st quarter valued at $191,935,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Trade Desk by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company's stock worth $396,696,000 after purchasing an additional 99,634 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $54.36 on Thursday. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 65.49, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37. The business has a 50-day simple moving average of $75.02 and a two-hundred day simple moving average of $71.98. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

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

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business's stock in a transaction on 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 completion of the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.00% of the company's stock.

Analysts Set New Price Targets

TTD has been the topic of a number of research reports. Citizens Jmp cut their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Bank of America restated an "underperform" rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Jefferies Financial Group cut Trade Desk from a "buy" rating to a "hold" rating and cut their price objective for the company from $100.00 to $50.00 in a research report on Monday. Oppenheimer increased their target price on Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley lifted their price target on Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.33.

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.

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