9,067 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,067 shares of the technology company's stock, valued at approximately $1,066,000.

A number of other institutional investors also recently modified their holdings of TTD. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk in the fourth quarter worth $26,000. Harbor Investment Advisory LLC grew its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $34,000. Finally, Zions Bancorporation N.A. increased its position in shares of Trade Desk by 148.3% in the fourth 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 during the last quarter. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTD. Citizens Jmp raised Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. Truist Financial lowered their target price on Trade Desk from $130.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Evercore ISI downgraded Trade Desk from an "outperform" rating to an "inline" rating and lowered their target price for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Royal Bank of Canada reduced their price target on Trade Desk from $120.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Finally, UBS Group reduced their price target on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $101.32.

Trade Desk Stock Down 1.9 %

Shares of NASDAQ:TTD traded down $1.04 during trading on Wednesday, hitting $53.63. 5,435,324 shares of the company were exchanged, compared to its average volume of 5,396,252. The business's 50 day moving average is $56.47 and its 200-day moving average is $98.21. The company has a market capitalization of $26.61 billion, a P/E ratio of 68.76, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, sell-side analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Trade Desk Company 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.