IFM Investors Pty Ltd Has $4.78 Million Holdings in The Trade Desk (NASDAQ:TTD)

IFM Investors Pty Ltd grew its position in The Trade Desk (NASDAQ:TTD - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,355 shares of the technology company's stock after purchasing an additional 7,777 shares during the period. IFM Investors Pty Ltd's holdings in Trade Desk were worth $4,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Centurion Wealth Management LLC lifted its position in Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after acquiring an additional 96 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Trade Desk by 1.7% during the 4th quarter. Great Lakes Advisors LLC now owns 6,951 shares of the technology company's stock worth $817,000 after acquiring an additional 116 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its position in Trade Desk by 2.7% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 4,464 shares of the technology company's stock worth $525,000 after acquiring an additional 117 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Trade Desk by 8.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,744 shares of the technology company's stock worth $226,000 after acquiring an additional 133 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its position in Trade Desk by 17.2% during the 4th quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock worth $120,000 after acquiring an additional 150 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction dated 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 transaction, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. DA Davidson cut their target price on Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Piper Sandler upped their target price on Trade Desk from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Wedbush reaffirmed an "outperform" rating and issued a $86.00 target price (up from $80.00) on shares of Trade Desk in a research report on Friday, May 9th. Citigroup upped their target price on Trade Desk from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, Truist Financial upped their target price on Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.27.

Trade Desk Stock Performance

NASDAQ:TTD traded down $0.85 during trading hours on Monday, hitting $73.56. 5,056,154 shares of the company's stock traded hands, compared to its average volume of 6,372,836. The firm has a market cap of $36.15 billion, a P/E ratio of 89.71, a P/E/G ratio of 3.41 and a beta of 1.36. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The stock's fifty day moving average price is $69.85 and its two-hundred day moving average price is $79.68.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted 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 firm had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. Trade Desk's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, equities research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

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.