The Trade Desk, Inc. (NASDAQ:TTD) Position Increased by US Bancorp DE

US Bancorp DE lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 21.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 970,797 shares of the technology company’s stock after acquiring an additional 169,829 shares during the period. US Bancorp DE owned 0.20% of Trade Desk worth $84,867,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Global Assets Advisory LLC bought a new position in shares of Trade Desk during the first quarter worth about $2,626,000. Franklin Resources Inc. grew its position in Trade Desk by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after buying an additional 53,441 shares in the last quarter. Nordea Investment Management AB grew its position in Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock valued at $44,226,000 after buying an additional 147,717 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Trade Desk by 30.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after buying an additional 67,520 shares in the last quarter. Finally, Raymond James & Associates grew its position in Trade Desk by 12.8% in the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after buying an additional 28,714 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the transaction, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $70,606,106.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 362,554 shares of company stock worth $33,414,310. Insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Wedbush assumed coverage on shares of Trade Desk in a research report on Monday, June 17th. They issued an “outperform” rating and a $110.00 target price for the company. Stifel Nicolaus upped their price target on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 price target (up from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Finally, Wolfe Research assumed coverage on shares of Trade Desk in a report on Tuesday. They issued an “outperform” rating and a $115.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.08.

Trade Desk Stock Up 0.9 %

Shares of TTD traded up $0.86 during trading hours on Tuesday, reaching $100.95. The company’s stock had a trading volume of 2,283,424 shares, compared to its average volume of 4,133,285. The firm has a market cap of $49.38 billion, a price-to-earnings ratio of 252.53, a P/E/G ratio of 5.10 and a beta of 1.48. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $102.67. The company has a 50 day moving average of $95.46 and a two-hundred day moving average of $84.37.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. As a group, analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

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.