Banco Bilbao Vizcaya Argentaria S.A. Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,617 shares of the technology company's stock after acquiring an additional 5,203 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Trade Desk were worth $5,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock worth $5,015,035,000 after acquiring an additional 253,137 shares during the last quarter. Invesco Ltd. raised its position in shares of 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 purchasing an additional 198,822 shares during the period. Norges Bank bought a new position in Trade Desk in the 4th quarter worth approximately $524,187,000. FMR LLC grew its stake in Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock valued at $445,237,000 after buying an additional 1,172,082 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Trade Desk by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company's stock worth $396,696,000 after acquiring an additional 99,634 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TTD shares. Oppenheimer reduced their price objective on shares of Trade Desk from $135.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Loop Capital reduced their target price on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. DA Davidson lowered their price target on Trade Desk from $134.00 to $103.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Finally, Rosenblatt Securities began coverage on Trade Desk in a research note on Tuesday. They set a "buy" rating and a $77.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and an average target price of $101.32.

Trade Desk Stock Performance

Shares of Trade Desk stock traded down $1.34 on Wednesday, hitting $53.33. 3,613,233 shares of the company's stock were exchanged, compared to its average volume of 5,378,215. The stock has a market capitalization of $26.46 billion, a PE ratio of 68.37, a PEG ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 1 year low of $42.96 and a 1 year high of $141.53. The company has a 50-day simple moving average of $56.84 and a 200-day simple moving average of $98.52.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS 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%. On average, analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

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

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.