US Bancorp DE Boosts Position in The Trade Desk (NASDAQ:TTD)

US Bancorp DE raised its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,105,744 shares of the technology company's stock after acquiring an additional 119,961 shares during the period. US Bancorp DE owned approximately 0.22% of Trade Desk worth $60,506,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Brown Advisory Inc. lifted its holdings in Trade Desk by 198.4% in the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after acquiring an additional 5,387,339 shares during the period. FMR LLC increased its holdings in shares of Trade Desk by 44.8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after purchasing an additional 1,172,082 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Trade Desk by 22.6% in the 4th quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock valued at $334,260,000 after purchasing an additional 523,627 shares during the period. Congress Asset Management Co. boosted its holdings in Trade Desk by 47.1% during the first quarter. Congress Asset Management Co. now owns 1,478,070 shares of the technology company's stock worth $80,880,000 after buying an additional 473,132 shares in the last quarter. Finally, Northern Trust Corp grew its position in Trade Desk by 16.6% during the fourth quarter. Northern Trust Corp now owns 3,090,014 shares of the technology company's stock valued at $363,169,000 after buying an additional 439,725 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the business's 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 completion of the sale, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TTD shares. JMP Securities reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, June 24th. Evercore ISI raised Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target for the company in a report on Friday, June 27th. Macquarie raised their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Royal Bank Of Canada boosted their price objective on Trade Desk from $85.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, KeyCorp increased their target price on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.09.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $86.08 on Friday. The company has a market capitalization of $42.30 billion, a P/E ratio of 104.98, a P/E/G ratio of 3.95 and a beta of 1.36. The company has a 50 day simple moving average of $75.63 and a 200-day simple moving average of $74.76. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. As a group, research analysts expect that The Trade Desk will post 1.06 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.