The Trade Desk (NASDAQ:TTD) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in The Trade Desk (NASDAQ:TTD - Free Report) by 364.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,503 shares of the technology company's stock after buying an additional 47,483 shares during the period. Vontobel Holding Ltd.'s holdings in Trade Desk were worth $3,311,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Trade Desk by 2.6% during the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after purchasing an additional 198,822 shares during the last quarter. Norges Bank acquired a new stake in shares of Trade Desk in the 4th quarter worth $524,187,000. FMR LLC grew its stake in Trade Desk by 44.8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after buying an additional 1,172,082 shares during the last quarter. Finally, Bank of America Corp DE grew its stake 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 worth $422,150,000 after buying an additional 418,911 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Up 1.1%

Shares of TTD stock traded up $0.81 during trading hours on Friday, hitting $74.39. 3,176,387 shares of the company's stock were exchanged, compared to its average volume of 6,362,371. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a market cap of $36.56 billion, a P/E ratio of 90.72, a P/E/G ratio of 3.38 and a beta of 1.36. The firm has a 50 day moving average of $69.44 and a two-hundred day moving average of $80.76.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. Benchmark raised Trade Desk from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Rosenblatt Securities boosted their target price 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. Morgan Stanley raised their price target on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. HSBC set a $75.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Citizens Jmp reduced their target price on Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research note 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $97.27.

Insider Activity

In other news, 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction 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 approximately $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

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.