Lbp Am Sa Raises Position in The Trade Desk (NASDAQ:TTD)

LBP AM SA lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 116.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 64,154 shares of the technology company's stock after buying an additional 34,465 shares during the quarter. LBP AM SA's holdings in Trade Desk were worth $3,511,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TTD. Vanguard Group Inc. lifted its position in shares of Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock worth $5,015,035,000 after purchasing an additional 253,137 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after buying an additional 5,387,339 shares during the last quarter. Invesco Ltd. lifted its holdings in Trade Desk by 2.6% during the fourth 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 bought a new stake in shares of Trade Desk during the fourth quarter valued at about $524,187,000. Finally, FMR LLC increased its position in shares of Trade Desk by 44.8% during the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after buying an additional 1,172,082 shares during the period. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Trade Desk

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

Analyst Ratings Changes

A number of research firms have recently weighed in on TTD. Guggenheim dropped their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial raised their target price on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. DA Davidson lowered their price target on Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 9th. JMP Securities reaffirmed a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday, June 24th. Finally, Macquarie boosted their target price on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.27.

Trade Desk Price Performance

Shares of NASDAQ TTD traded up $0.05 during midday trading on Monday, hitting $75.43. The stock had a trading volume of 5,549,824 shares, compared to its average volume of 6,414,977. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The company's 50-day simple moving average is $71.96 and its 200 day simple moving average is $77.99. The firm has a market cap of $37.07 billion, a P/E ratio of 91.99, a price-to-earnings-growth ratio of 3.46 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating 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 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 quarter in the previous year, the business earned $0.26 earnings per share. Equities analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

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.