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

QRG Capital Management Inc. grew its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,761 shares of the technology company's stock after acquiring an additional 3,935 shares during the quarter. QRG Capital Management Inc.'s holdings in Trade Desk were worth $3,106,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in Trade Desk during the 4th quarter valued at approximately $25,000. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at $34,000. Zions Bancorporation N.A. increased its position 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 acquiring an additional 175 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Trade Desk in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTD. Oppenheimer increased their price objective on Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Truist Financial increased their price target on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Macquarie increased their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Guggenheim cut their price target on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Citizens Jmp cut their price objective on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.15.

Insider Buying and Selling

In other news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on 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 now directly owns 66,985 shares of the company's stock, valued at $5,350,761.80. The trade was a 29.95% 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, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction on 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 sale, the chief executive officer now directly owns 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

Trade Desk Trading Down 0.6%

TTD traded down $0.43 during trading on Friday, hitting $68.23. The company's stock had a trading volume of 7,820,559 shares, compared to its average volume of 6,239,444. The business's fifty day simple moving average is $65.54 and its 200 day simple moving average is $84.33. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 83.21, a P/E/G ratio of 3.13 and a beta of 1.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly 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. 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 analysts' expectations of $575.62 million. During the same quarter last year, the company earned $0.26 EPS. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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.