Pure Portfolios Holdings LLC Takes $266,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Pure Portfolios Holdings LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,424 shares of the technology company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. bought a new position in shares of Trade Desk in the first quarter worth $225,710,000. Marshall Wace LLP raised its holdings in shares of Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Trade Desk by 3,973.6% during the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after acquiring an additional 437,967 shares during the last quarter. Steadfast Capital Management LP grew its holdings in shares of Trade Desk by 78.3% during the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Trade Desk by 133.2% in the first quarter. BNP Paribas Financial Markets now owns 613,622 shares of the technology company’s stock worth $53,643,000 after purchasing an additional 350,495 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

NASDAQ TTD opened at $118.76 on Friday. The business’s 50-day moving average is $107.16 and its 200 day moving average is $97.21. The stock has a market capitalization of $58.09 billion, a PE ratio of 296.90, a PEG ratio of 5.68 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $119.43.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

TTD has been the subject of a number of research reports. Robert W. Baird boosted their price target on shares of Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Bank of America initiated coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price for the company. Moffett Nathanson initiated coverage on Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target on the stock. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective (up from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Finally, Royal Bank of Canada raised their price objective on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $112.97.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,557,897 shares of company stock valued at $170,095,115. 10.18% of the stock is currently owned by company insiders.

About Trade Desk

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.