Chicago Capital LLC Acquires New Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Chicago Capital LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 185,357 shares of the technology company's stock, valued at approximately $13,338,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new stake in Trade Desk during the first quarter worth approximately $1,946,000. Synovus Financial Corp raised its holdings in Trade Desk by 32.8% during the first quarter. Synovus Financial Corp now owns 8,079 shares of the technology company's stock worth $561,000 after purchasing an additional 1,996 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Trade Desk by 43.0% during the first quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company's stock worth $1,019,000 after purchasing an additional 4,276 shares in the last quarter. Aviva PLC raised its holdings in Trade Desk by 8.5% during the first quarter. Aviva PLC now owns 103,185 shares of the technology company's stock worth $7,146,000 after purchasing an additional 8,059 shares in the last quarter. Finally, National Pension Service raised its holdings in Trade Desk by 11.2% during the first quarter. National Pension Service now owns 657,768 shares of the technology company's stock worth $45,550,000 after purchasing an additional 66,179 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 15,006 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Samantha Jacobson sold 15,006 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of the business's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now owns 36,312 shares of the company's stock, valued at approximately $2,278,941.12. The disclosure for this sale can be found here. Insiders sold 426,562 shares of company stock worth $35,446,258 in the last 90 days. 10.81% of the stock is owned by company insiders.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. Royal Bank of Canada raised their target price on shares of Trade Desk from $90.00 to $105.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. BTIG Research raised their target price on shares of Trade Desk from $91.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Oppenheimer raised their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus raised their target price on shares of Trade Desk from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.75.

Trade Desk Stock Performance

TTD stock traded down $0.22 during trading on Tuesday, hitting $87.09. The stock had a trading volume of 2,582,460 shares, compared to its average volume of 4,984,820. The company's 50 day moving average price is $79.12 and its two-hundred day moving average price is $75.01. The Trade Desk, Inc. has a 1-year low of $57.17 and a 1-year high of $94.00. The stock has a market cap of $42.58 billion, a price-to-earnings ratio of 241.92, a price-to-earnings-growth ratio of 4.82 and a beta of 1.50.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal 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.