The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Ogborne Capital Management LLC

Ogborne Capital Management LLC boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,800 shares of the technology company's stock after buying an additional 4,800 shares during the period. Trade Desk makes up about 4.8% of Ogborne Capital Management LLC's holdings, making the stock its 6th biggest position. Ogborne Capital Management LLC owned approximately 0.05% of Trade Desk worth $29,947,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTD. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock valued at $5,015,035,000 after buying an additional 253,137 shares during the last quarter. Invesco Ltd. lifted its stake in Trade Desk by 2.6% in the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after acquiring an additional 198,822 shares during the last quarter. Norges Bank bought a new stake in Trade Desk in the fourth quarter worth approximately $524,187,000. FMR LLC increased its stake in shares of Trade Desk by 44.8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after purchasing an additional 1,172,082 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after purchasing an additional 418,911 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Up 11.8%

Shares of NASDAQ:TTD opened at $79.40 on Tuesday. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The stock has a market capitalization of $39.39 billion, a P/E ratio of 101.79, a P/E/G ratio of 3.11 and a beta of 1.29. The business has a 50-day moving average price of $54.88 and a two-hundred day moving average price of $94.71.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. As a group, equities analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk declared that its board has authorized a stock buyback plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TTD shares. Stifel Nicolaus decreased their price objective on shares of Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Guggenheim lowered their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday. Loop Capital cut their price objective on Trade Desk from $145.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Rosenblatt Securities initiated coverage on Trade Desk in a research report on Tuesday, April 29th. They set a "buy" rating and a $77.00 target price for the company. Finally, Citizens Jmp lowered their price target on Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday. Seven research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $98.88.

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.

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