Raiffeisen Bank International AG Makes New $6.76 Million Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Raiffeisen Bank International AG acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,233 shares of the technology company's stock, valued at approximately $6,758,000.

A number of other large investors also recently made changes to their positions in the stock. ProShare Advisors LLC lifted its stake in shares of Trade Desk by 22.6% in the 4th quarter. ProShare Advisors LLC now owns 514,785 shares of the technology company's stock valued at $60,503,000 after purchasing an additional 94,931 shares during the period. Quantinno Capital Management LP increased its position in shares of Trade Desk by 11.2% in the 4th quarter. Quantinno Capital Management LP now owns 70,546 shares of the technology company's stock valued at $8,291,000 after buying an additional 7,118 shares in the last quarter. Man Group plc increased its position in shares of Trade Desk by 136.0% in the 4th quarter. Man Group plc now owns 69,590 shares of the technology company's stock valued at $8,179,000 after buying an additional 40,104 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Trade Desk by 6.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 100,160 shares of the technology company's stock worth $12,158,000 after purchasing an additional 5,648 shares in the last quarter. Finally, NorthRock Partners LLC bought a new position in Trade Desk during the 4th quarter worth about $466,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTD shares. Robert W. Baird lowered their target price on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Scotiabank decreased their price objective 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. Wedbush restated an "outperform" rating and issued a $86.00 price objective (up previously from $80.00) on shares of Trade Desk in a report on Friday, May 9th. Wells Fargo & Company decreased their price objective on Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Finally, KeyCorp raised their price objective on Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $98.88.

Trade Desk Trading Down 1.5%

TTD stock traded down $1.19 during mid-day trading on Friday, hitting $76.31. 6,522,133 shares of the company were exchanged, compared to its average volume of 5,943,725. The business has a 50 day simple moving average of $56.12 and a 200-day simple moving average of $93.70. The stock has a market capitalization of $37.86 billion, a PE ratio of 97.83, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. 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 issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same period last year, the business posted $0.26 earnings per share. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts expect 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 share repurchase plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.74% 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.