UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 89,592 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,198,972 shares of the technology company's stock after buying an additional 89,592 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.45% of Trade Desk worth $258,445,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its holdings in Trade Desk by 32.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,898 shares of the technology company's stock worth $341,000 after acquiring an additional 706 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Trade Desk by 16.8% in the 4th quarter. Merit Financial Group LLC now owns 6,870 shares of the technology company's stock worth $807,000 after purchasing an additional 989 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of Trade Desk by 37.3% in the 4th quarter. Arkadios Wealth Advisors now owns 3,778 shares of the technology company's stock worth $444,000 after purchasing an additional 1,027 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in Trade Desk by 6.7% in the 4th quarter. Diversify Advisory Services LLC now owns 4,150 shares of the technology company's stock worth $493,000 after purchasing an additional 259 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Trade Desk by 52.1% during the 4th quarter. UMB Bank n.a. now owns 774 shares of the technology company's stock valued at $91,000 after purchasing an additional 265 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Trading Down 3.4%

NASDAQ TTD opened at $74.47 on Thursday. The stock has a market cap of $36.94 billion, a price-to-earnings ratio of 95.47, a PEG ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The company's 50 day moving average is $57.31 and its two-hundred day moving average is $92.97.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data 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 16.08% and a return on equity of 16.38%. The business had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. During the same period last year, the firm posted $0.26 EPS. The company's revenue was up 25.4% on a year-over-year basis. Sell-side analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred 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 transaction, the director now owns 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% 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 corporate insiders.

Wall Street Analyst Weigh In

TTD has been the subject of several recent analyst reports. Loop Capital decreased their target price on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Guggenheim reduced their price target on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Jefferies Financial Group set a $125.00 price objective on Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. Susquehanna cut their target price on Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, February 13th. Finally, Wedbush restated an "outperform" rating and issued a $86.00 price target (up previously from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and a consensus target price of $97.12.

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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