Allianz Asset Management GmbH Has $18.82 Million Stake in The Trade Desk (NASDAQ:TTD)

Allianz Asset Management GmbH raised its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 254.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 343,899 shares of the technology company's stock after buying an additional 246,844 shares during the period. Allianz Asset Management GmbH owned about 0.07% of Trade Desk worth $18,819,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Anchor Investment Management LLC lifted its stake in Trade Desk by 17.2% in 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. Brighton Jones LLC grew its stake in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after acquiring an additional 169 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in shares of Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares during the period. Peterson Wealth Services lifted its position in Trade Desk by 2.2% in the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock worth $492,000 after buying an additional 190 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Trade Desk by 11.2% during the fourth quarter. Huntington National Bank now owns 1,923 shares of the technology company's stock worth $226,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were 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 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 hyperlink. Also, Director David B. Wells sold 28,638 shares of Trade Desk 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 owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 1.3%

TTD traded up $1.14 during trading hours on Friday, hitting $86.14. 6,028,690 shares of the company's stock were exchanged, compared to its average volume of 14,512,962. The stock has a market cap of $42.33 billion, a price-to-earnings ratio of 105.05, a PEG ratio of 3.86 and a beta of 1.36. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock's 50-day moving average is $74.30 and its two-hundred day moving average is $76.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TTD shares. Wells Fargo & Company downgraded Trade Desk from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. Macquarie boosted their target price on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Needham & Company LLC restated a "buy" rating and set a $84.00 price target on shares of Trade Desk in a report on Friday, June 6th. HSBC set a $75.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group set a $125.00 target price on shares of Trade Desk and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of "Moderate Buy" and an average price target of $98.73.

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.