Public Employees Retirement Association of Colorado Acquires 15,094 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Public Employees Retirement Association of Colorado boosted its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,811 shares of the technology company's stock after acquiring an additional 15,094 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Trade Desk were worth $7,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TTD. Advisory Resource Group grew its holdings in Trade Desk by 1.0% during the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 101 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Trade Desk by 357.9% during the third quarter. Anchor Investment Management LLC now owns 870 shares of the technology company's stock valued at $95,000 after acquiring an additional 680 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Trade Desk by 10.0% during the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company's stock worth $970,000 after acquiring an additional 803 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Trade Desk in the third quarter worth about $1,194,000. Finally, Synovus Financial Corp purchased a new position in Trade Desk in the third quarter valued at about $245,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Trading Down 1.1 %

TTD stock traded down $0.57 during trading on Thursday, reaching $53.06. 8,824,234 shares of the stock were exchanged, compared to its average volume of 5,418,203. The firm's 50 day moving average is $56.04 and its 200 day moving average is $97.77. The firm has a market cap of $26.32 billion, a P/E ratio of 68.03, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of Trade Desk from $132.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. HSBC set a $75.00 price target on shares of Trade Desk and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets lowered their price objective on Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Wolfe Research increased their target price on Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Scotiabank lowered their price target on Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $101.32.

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.