The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,482 shares of the technology company’s stock after buying an additional 279 shares during the quarter. Fulton Bank N.A.’s holdings in Trade Desk were worth $604,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TTD. First PREMIER Bank purchased a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $26,000. MUFG Americas Holdings Corp purchased a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $30,000. Activest Wealth Management grew its position in shares of Trade Desk by 125.2% in the 3rd quarter. Activest Wealth Management now owns 554 shares of the technology company’s stock valued at $33,000 after buying an additional 308 shares during the last quarter. BDO Wealth Advisors LLC grew its position in shares of Trade Desk by 250.0% in the 3rd quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company’s stock valued at $34,000 after buying an additional 405 shares during the last quarter. Finally, CI Investments Inc. grew its position in shares of Trade Desk by 1,003.8% in the 3rd quarter. CI Investments Inc. now owns 585 shares of the technology company’s stock valued at $35,000 after buying an additional 532 shares during the last quarter. 67.04% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Down 0.6 %

TTD opened at $58.51 on Friday. The Trade Desk, Inc. has a 52-week low of $39.00 and a 52-week high of $76.75. The company has a 50 day moving average of $52.81 and a two-hundred day moving average of $53.01. The company has a market cap of $28.72 billion, a P/E ratio of 585.10, a P/E/G ratio of 5.04 and a beta of 1.83.

Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). Trade Desk had a return on equity of 2.86% and a net margin of 3.38%. The business had revenue of $490.74 million for the quarter, compared to analysts’ expectations of $491.24 million. Research analysts anticipate that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTD. Vertical Research downgraded shares of Trade Desk from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 24th. Credit Suisse Group raised their target price on shares of Trade Desk from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. KeyCorp raised their target price on shares of Trade Desk from $55.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 16th. Citigroup raised their target price on shares of Trade Desk from $60.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, February 17th. Finally, Morgan Stanley raised their price objective on shares of Trade Desk from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $71.55.

About Trade Desk

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The Trade Desk, Inc engages in the provision of a technology platform for advertising buyers. It operates through the United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.