The Trade Desk (NASDAQ:TTD) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,761 shares of the technology company's stock after buying an additional 3,935 shares during the period. QRG Capital Management Inc.'s holdings in Trade Desk were worth $3,106,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TTD. Vanguard Group Inc. boosted its position in Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock valued at $5,015,035,000 after buying an additional 253,137 shares during the last quarter. Invesco Ltd. raised its stake in Trade Desk by 2.6% during the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock worth $930,477,000 after acquiring an additional 198,822 shares during the period. Norges Bank acquired a new stake in Trade Desk during the fourth quarter worth about $524,187,000. FMR LLC raised its stake in Trade Desk by 44.8% during the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Trade Desk by 13.2% in the fourth quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after purchasing an additional 418,911 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD opened at $68.66 on Thursday. The company has a market capitalization of $33.74 billion, a PE ratio of 83.73, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41. The company's fifty day moving average price is $64.79 and its 200 day moving average price is $85.66. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.

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 (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The business's quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. Analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTD has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citizens Jmp reduced their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 9th. JMP Securities reduced their target price on shares of Trade Desk from $115.00 to $100.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. Cfra Research upgraded shares of Trade Desk to a "moderate buy" rating in a research report on Tuesday, March 25th. Finally, Rosenblatt Securities lifted their target price on shares of Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.15.

Insider Activity at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the business's 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 now directly owns 66,985 shares in the company, valued at $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business's 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 completion of the transaction, the chief executive officer now directly owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by 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.

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