TB Alternative Assets Ltd. Buys Shares of 91,203 The Trade Desk, Inc. (NASDAQ:TTD)

TB Alternative Assets Ltd. bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,203 shares of the technology company's stock, valued at approximately $4,991,000. Trade Desk accounts for approximately 1.2% of TB Alternative Assets Ltd.'s portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 253,137 shares during the period. Invesco Ltd. lifted its holdings in Trade Desk by 2.6% in the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after acquiring an additional 198,822 shares during the period. Norges Bank bought a new position in Trade Desk in the fourth quarter valued at about $524,187,000. FMR LLC lifted its holdings in Trade Desk by 44.8% in the fourth 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 holdings in Trade Desk by 13.2% in the fourth quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after acquiring an additional 418,911 shares during the period. Institutional investors 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 Trade Desk 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 completion of the transaction, the director now owns 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $2,135,520.52. Following the completion of the transaction, the chief executive officer now owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

Trade Desk Price Performance

NASDAQ TTD opened at $71.46 on Friday. The stock has a market capitalization of $35.12 billion, a PE ratio of 91.62, a P/E/G ratio of 3.11 and a beta of 1.41. The business has a 50 day simple moving average of $61.50 and a two-hundred day simple moving average of $88.61. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share 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 analysts' expectations of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. On average, analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has initiated a share buyback plan on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TTD. Robert W. Baird lowered their target price on Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group set a $125.00 price objective on Trade Desk and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Scotiabank decreased their price objective on Trade Desk from $133.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Oppenheimer raised their price objective on Trade Desk from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Benchmark raised Trade Desk from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.15.

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.

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