XTX Topco Ltd Increases Stock Holdings in The Trade Desk (NASDAQ:TTD)

Key Points

• XTX Topco Ltd has significantly increased its holdings in The Trade Desk (NASDAQ:TTD) by 98.5%, now owning 39,464 shares valued at approximately $2.16 million.
• Several analysts have given a buy rating for The Trade Desk, with target prices ranging from $75.00 to $125.00, reflecting a consensus rating of "Moderate Buy."
• Insider trading activity includes Director David B. Wells selling 28,638 shares, while CEO Jeffrey Terry Green sold 26,684 shares, indicating notable management activity in the stock.

XTX Topco Ltd raised its position in The Trade Desk (NASDAQ:TTD - Free Report) by 98.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 39,464 shares of the technology company's stock after purchasing an additional 19,584 shares during the period. XTX Topco Ltd's holdings in Trade Desk were worth $2,159,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in shares of Trade Desk during the 4th quarter valued at $25,000. Banque Cantonale Vaudoise acquired a new position in shares of Trade Desk during the 1st quarter valued at $26,000. Cloud Capital Management LLC acquired a new position in shares of Trade Desk during the 1st quarter valued at $27,000. von Borstel & Associates Inc. acquired a new position in shares of Trade Desk during the 1st quarter valued at $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Trade Desk during the first quarter worth $35,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer directly owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Trade Desk from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Evercore ISI upgraded shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Friday, June 27th. Royal Bank Of Canada upped their price objective on shares of Trade Desk from $85.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday. KeyCorp upped their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Citigroup restated a "buy" rating on shares of Trade Desk in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $100.09.

Trade Desk Stock Performance

NASDAQ TTD traded down $0.88 during trading on Friday, hitting $86.08. 9,973,566 shares of the company's stock traded hands, compared to its average volume of 14,718,176. The stock has a market capitalization of $42.30 billion, a price-to-earnings ratio of 104.98, a PEG ratio of 3.95 and a beta of 1.36. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The business has a 50 day moving average of $75.63 and a 200-day moving average of $74.76.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company's revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, analysts expect 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.