KBC Group NV Grows Stock Position in The Trade Desk (NASDAQ:TTD)

KBC Group NV raised its position in The Trade Desk (NASDAQ:TTD - Free Report) by 111.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472,776 shares of the technology company's stock after purchasing an additional 249,269 shares during the period. KBC Group NV owned 0.10% of Trade Desk worth $25,870,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Centurion Wealth Management LLC lifted its holdings in shares of 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 during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of 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 during the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in shares of 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of 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 during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Trade Desk by 4.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 3,714 shares of the technology company's stock worth $437,000 after acquiring an additional 144 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

Shares of TTD traded up $1.50 during mid-day trading on Tuesday, reaching $73.49. 8,377,289 shares of the company's stock were exchanged, compared to its average volume of 6,332,531. The stock has a market capitalization of $36.12 billion, a PE ratio of 89.62, a price-to-earnings-growth ratio of 3.18 and a beta of 1.41. The business's fifty day simple moving average is $68.05 and its 200-day simple moving average is $81.26. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.

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, beating 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 firm had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. During the same period last year, the firm posted $0.26 EPS. Trade Desk's quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction dated Monday, May 12th. The shares were 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 owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following 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 position. The disclosure for this sale can be found here. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTD shares. Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 price objective on shares of Trade Desk in a report on Friday, June 6th. Wells Fargo & Company cut shares of Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $74.00 to $68.00 in a research report on Thursday, June 26th. Morgan Stanley lifted their target price on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Truist Financial lifted their target price on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, KeyCorp lifted their target price on shares of Trade Desk from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.27.

About Trade Desk

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.