Los Angeles Capital Management LLC Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Los Angeles Capital Management LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 212.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,906 shares of the technology company's stock after buying an additional 11,494 shares during the quarter. Los Angeles Capital Management LLC's holdings in Trade Desk were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company's stock worth $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company's stock valued at $154,689,000 after purchasing an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Trade Desk during the 3rd quarter worth $99,035,000. International Assets Investment Management LLC raised its holdings in shares of Trade Desk by 6,600.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company's stock worth $78,549,000 after buying an additional 1,075,269 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Trade Desk by 81.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company's stock valued at $105,472,000 after buying an additional 659,337 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

Trade Desk stock traded up $2.65 during midday trading on Thursday, hitting $88.67. 8,743,341 shares of the company's stock were exchanged, compared to its average volume of 4,500,460. The stock has a 50-day moving average price of $84.04 and a two-hundred day moving average price of $76.17. The company has a market cap of $43.35 billion, a P/E ratio of 246.31, a PEG ratio of 4.88 and a beta of 1.50. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00.

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

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Piper Sandler reissued an "overweight" rating and set a $110.00 target price (up previously from $105.00) on shares of Trade Desk in a research note on Thursday. Seaport Res Ptn restated a "neutral" rating on shares of Trade Desk in a research report on Monday, February 12th. KeyCorp boosted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Wells Fargo & Company increased their price target on Trade Desk from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, January 17th. Finally, Stephens reissued an "overweight" rating and set a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $91.72.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the sale, the chief executive officer now directly owns 1,551,987 shares of the company's stock, valued at $126,905,976.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company's stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,987 shares of the company's stock, valued at $126,905,976.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 642,170 shares of company stock worth $53,970,398. Insiders own 10.18% of the company's stock.

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.