The Trade Desk (NASDAQ:TTD) Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in The Trade Desk by 29.4%, acquiring an additional 21,933 shares in the first quarter, bringing their total to 96,419 shares valued at approximately $5,276,000.
• The Trade Desk reported $0.18 EPS, missing analyst expectations of $0.42, but its revenue of $694.04 million exceeded estimates of $686 million, reflecting an 18.7% year-over-year growth.
• The company's stock has seen a decline of 6.6%, with analysts currently giving it a consensus rating of "Moderate Buy" and a price target averaging around $89.33.

Vestmark Advisory Solutions Inc. lifted its position in The Trade Desk (NASDAQ:TTD - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,419 shares of the technology company's stock after purchasing an additional 21,933 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Trade Desk were worth $5,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after acquiring an additional 169 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Trade Desk by 1.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 43,438 shares of the technology company's stock worth $5,105,000 after buying an additional 602 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Trade Desk during the fourth quarter worth $351,000. Bridgewater Associates LP purchased a new stake in shares of Trade Desk during the fourth quarter worth $1,423,000. Finally, Anchor Investment Management LLC grew its holdings in shares of Trade Desk by 17.2% during the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock worth $120,000 after buying an additional 150 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTD has been the subject of a number of research reports. Piper Sandler dropped their target price on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a report on Friday, August 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $90.00 target price (down previously from $100.00) on shares of Trade Desk in a report on Friday, August 8th. Moffett Nathanson lowered shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 target price for the company. in a report on Friday, August 8th. Guggenheim dropped their target price on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, HSBC reissued a "hold" rating and issued a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $88.58.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the sale, the insider owned 218,246 shares of the company's stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

Shares of TTD traded up $1.36 during mid-day trading on Friday, hitting $52.12. 17,824,420 shares of the company's stock were exchanged, compared to its average volume of 18,021,956. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 62.80, a P/E/G ratio of 2.67 and a beta of 1.37. 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 moving average is $74.22 and its 200-day moving average is $70.68.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm's revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. As a group, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

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.