Sumitomo Mitsui Trust Holdings Inc. Has $19.85 Million Stake in Trade Desk Inc (NASDAQ:TTD)

Share on StockTwits

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Trade Desk Inc (NASDAQ:TTD) by 4,761.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 105,832 shares of the technology company’s stock after acquiring an additional 103,655 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Trade Desk were worth $19,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC raised its stake in Trade Desk by 62.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,632 shares of the technology company’s stock worth $3,119,000 after purchasing an additional 6,399 shares in the last quarter. CIBC Asset Management Inc raised its stake in Trade Desk by 1,497.3% in the 3rd quarter. CIBC Asset Management Inc now owns 24,071 shares of the technology company’s stock worth $4,515,000 after purchasing an additional 22,564 shares in the last quarter. BB&T Securities LLC raised its stake in Trade Desk by 18.7% in the 3rd quarter. BB&T Securities LLC now owns 3,089 shares of the technology company’s stock worth $585,000 after purchasing an additional 487 shares in the last quarter. Nvwm LLC raised its stake in Trade Desk by 48.3% in the 3rd quarter. Nvwm LLC now owns 3,441 shares of the technology company’s stock worth $645,000 after purchasing an additional 1,121 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its stake in Trade Desk by 7.9% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 9,228 shares of the technology company’s stock worth $1,731,000 after purchasing an additional 674 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

Shares of NASDAQ:TTD opened at $195.53 on Friday. The firm has a 50 day moving average of $196.62 and a 200-day moving average of $223.21. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. Trade Desk Inc has a 12 month low of $102.35 and a 12 month high of $289.51. The stock has a market capitalization of $8.98 billion, a PE ratio of 101.84, a PEG ratio of 3.92 and a beta of 2.71.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.51. Trade Desk had a net margin of 17.44% and a return on equity of 23.63%. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $155.26 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 42.4% on a year-over-year basis. On average, research analysts predict that Trade Desk Inc will post 1.85 EPS for the current fiscal year.

In related news, CFO Paul Ross sold 2,682 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $203.59, for a total transaction of $546,028.38. Following the transaction, the chief financial officer now owns 37,784 shares in the company, valued at approximately $7,692,444.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Terry Green sold 288,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $258.27, for a total transaction of $74,381,760.00. Following the transaction, the insider now owns 311,414 shares in the company, valued at approximately $80,428,893.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 452,463 shares of company stock worth $114,287,482. Insiders own 17.44% of the company’s stock.

Several analysts have weighed in on TTD shares. SunTrust Banks reiterated a “buy” rating and issued a $285.00 price objective on shares of Trade Desk in a research note on Wednesday. Stephens began coverage on shares of Trade Desk in a research report on Monday, November 4th. They issued an “overweight” rating and a $250.00 target price for the company. Pivotal Research dropped their target price on shares of Trade Desk from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. Nomura upgraded shares of Trade Desk from a “reduce” rating to a “neutral” rating and boosted their target price for the company from $165.00 to $175.00 in a research report on Thursday, September 26th. Finally, Royal Bank of Canada upgraded shares of Trade Desk from a “sector perform” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $231.19.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

Further Reading: Investing strategies using the yield curve

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trade Desk Inc (NASDAQ:TTD).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.