BKS Advisors LLC Invests $594,000 in Trade Desk Inc (TTD) Stock

BKS Advisors LLC acquired a new position in shares of Trade Desk Inc (NASDAQ:TTD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,000 shares of the technology company’s stock, valued at approximately $594,000.

A number of other institutional investors also recently bought and sold shares of TTD. JPMorgan Chase & Co. increased its stake in Trade Desk by 1,770.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock worth $102,358,000 after acquiring an additional 718,872 shares during the period. Baillie Gifford & Co. increased its stake in Trade Desk by 108.0% during the 4th quarter. Baillie Gifford & Co. now owns 1,239,786 shares of the technology company’s stock worth $143,890,000 after acquiring an additional 643,820 shares during the period. FMR LLC increased its stake in Trade Desk by 29.4% during the 4th quarter. FMR LLC now owns 2,026,767 shares of the technology company’s stock worth $235,226,000 after acquiring an additional 460,727 shares during the period. Vanguard Group Inc increased its stake in Trade Desk by 16.0% during the 3rd quarter. Vanguard Group Inc now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after acquiring an additional 414,136 shares during the period. Finally, Vanguard Group Inc. increased its stake in Trade Desk by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after acquiring an additional 414,136 shares during the period. Hedge funds and other institutional investors own 71.77% of the company’s stock.

A number of equities research analysts have weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $210.00 target price on shares of Trade Desk in a report on Wednesday, March 27th. BidaskClub downgraded Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 27th. TheStreet raised Trade Desk from a “c” rating to a “b-” rating in a report on Friday, March 8th. CIBC raised their target price on Trade Desk from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Finally, Oppenheimer raised their target price on Trade Desk from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Trade Desk currently has an average rating of “Buy” and a consensus target price of $150.22.

In related news, insider Jeffrey Terry Green sold 426,430 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $195.36, for a total transaction of $83,307,364.80. Following the sale, the insider now owns 153,152 shares of the company’s stock, valued at approximately $29,919,774.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric B. Paley sold 500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $197.24, for a total value of $98,620.00. Following the sale, the director now directly owns 31,881 shares in the company, valued at approximately $6,288,208.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,274 shares of company stock worth $120,562,833. 17.44% of the stock is currently owned by company insiders.

NASDAQ TTD opened at $203.26 on Wednesday. Trade Desk Inc has a twelve month low of $47.61 and a twelve month high of $214.70. The firm has a market cap of $8.92 billion, a P/E ratio of 105.86, a PEG ratio of 6.74 and a beta of 2.99.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.28. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%. The company had revenue of $160.47 million for the quarter, compared to the consensus estimate of $148.18 million. Research analysts forecast that Trade Desk Inc will post 1.62 earnings per share for the current year.

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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).

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

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