Thrivent Financial for Lutherans Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Thrivent Financial for Lutherans grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 532.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,814 shares of the technology company’s stock after acquiring an additional 37,728 shares during the period. Thrivent Financial for Lutherans’ holdings in Trade Desk were worth $2,012,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Synovus Financial Corp lifted its stake in shares of Trade Desk by 2.9% in the 4th quarter. Synovus Financial Corp now owns 8,815 shares of the technology company’s stock valued at $395,000 after purchasing an additional 252 shares during the period. Strategic Wealth Advisors Group LLC lifted its stake in shares of Trade Desk by 13.1% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 79,062 shares of the technology company’s stock valued at $4,724,000 after purchasing an additional 9,145 shares during the period. Arizona State Retirement System lifted its stake in shares of Trade Desk by 3.5% in the 4th quarter. Arizona State Retirement System now owns 125,683 shares of the technology company’s stock valued at $5,634,000 after purchasing an additional 4,299 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Trade Desk in the 3rd quarter valued at $431,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Trade Desk by 12.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,196,798 shares of the technology company’s stock valued at $191,009,000 after purchasing an additional 362,543 shares during the period. 67.04% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Up 2.1 %

Shares of TTD opened at $67.52 on Friday. The Trade Desk, Inc. has a 12-month low of $39.00 and a 12-month high of $76.75. The firm has a 50-day moving average price of $61.00 and a 200 day moving average price of $53.73. The firm has a market capitalization of $33.14 billion, a P/E ratio of 450.13, a P/E/G ratio of 5.93 and a beta of 1.80.

Trade Desk (NASDAQ:TTD – Get Rating) last announced its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. Trade Desk had a net margin of 4.70% and a return on equity of 3.99%. The firm had revenue of $382.80 million during the quarter, compared to analyst estimates of $364.85 million. Equities research analysts predict that The Trade Desk, Inc. will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $59.40, for a total transaction of $178,140.60. Following the completion of the transaction, the director now owns 74,059 shares of the company’s stock, valued at $4,399,104.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $59.40, for a total transaction of $178,140.60. Following the completion of the transaction, the director now owns 74,059 shares of the company’s stock, valued at $4,399,104.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO David Randall Pickles sold 2,050 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $60.00, for a total transaction of $123,000.00. Following the transaction, the chief technology officer now directly owns 470,930 shares of the company’s stock, valued at approximately $28,255,800. The disclosure for this sale can be found here. Insiders sold a total of 964,789 shares of company stock valued at $58,349,440 over the last 90 days. 10.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Trade Desk from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. Credit Suisse Group upped their price objective on shares of Trade Desk from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. StockNews.com assumed coverage on shares of Trade Desk in a research report on Thursday. They set a “hold” rating for the company. BTIG Research assumed coverage on shares of Trade Desk in a research report on Friday, March 3rd. They set a “neutral” rating for the company. Finally, Evercore ISI upped their price objective on shares of Trade Desk from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $70.67.

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.