Universal Beteiligungs und Servicegesellschaft mbH Purchases 50,736 Shares of The Trade Desk (NASDAQ:TTD)

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 263,132 shares of the technology company's stock after buying an additional 50,736 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Trade Desk worth $14,399,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TTD. Investment Management Corp VA ADV purchased a new position in Trade Desk during the 4th quarter valued at about $25,000. Zions Bancorporation N.A. increased its holdings in Trade Desk by 148.3% during 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 in the last quarter. Park Square Financial Group LLC purchased a new position in Trade Desk during the 4th quarter valued at about $47,000. BNP Paribas purchased a new position in Trade Desk during the 4th quarter valued at about $50,000. Finally, Banque Transatlantique SA purchased a new position in Trade Desk during the 4th quarter valued at about $56,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

TTD traded up $1.14 during trading on Friday, reaching $86.14. 6,028,690 shares of the stock traded hands, compared to its average volume of 14,512,962. The stock has a market cap of $42.33 billion, a price-to-earnings ratio of 105.05, a price-to-earnings-growth ratio of 3.86 and a beta of 1.36. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock's 50-day simple moving average is $74.30 and its two-hundred day simple moving average is $76.13.

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 for the quarter, topping 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 during the quarter, compared to analyst estimates of $575.62 million. During the same quarter in the previous year, the business earned $0.26 EPS. The business's revenue was up 25.4% on a year-over-year basis. Research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research analyst reports. Citizens Jmp decreased their price target on Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Citigroup reaffirmed a "buy" rating on shares of Trade Desk in a research report on Tuesday, July 15th. KeyCorp lifted their target price on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Stifel Nicolaus increased their price target on shares of Trade Desk from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Macquarie boosted their price objective on shares of Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Eight analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $98.73.

Insider Activity

In other Trade Desk news, 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 transaction of $2,287,603.44. Following the completion of the transaction, the director owned 66,985 shares in the company, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 17,018 shares of the company's stock, 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 company insiders.

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.