Schroder Investment Management Group Purchases 7,126 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Schroder Investment Management Group raised its holdings in The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,285 shares of the technology company’s stock after purchasing an additional 7,126 shares during the period. Schroder Investment Management Group owned 0.08% of Trade Desk worth $29,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Trade Desk in the 3rd quarter worth about $26,000. Level Financial Advisors Inc. grew its stake in Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after acquiring an additional 418 shares during the period. Ancora Advisors LLC lifted its stake in Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $42,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTD. KeyCorp upped their price target on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Piper Sandler restated an “overweight” rating and issued a $110.00 target price (up from $105.00) on shares of Trade Desk in a research note on Thursday, May 9th. Susquehanna reiterated a “positive” rating and set a $110.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. BMO Capital Markets reissued an “outperform” rating and set a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Finally, Royal Bank of Canada raised their target price on shares of Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.01.

Get Our Latest Stock Report on Trade Desk

Trade Desk Trading Down 1.6 %

Shares of NASDAQ TTD opened at $92.65 on Tuesday. The firm has a fifty day simple moving average of $88.63 and a two-hundred day simple moving average of $79.80. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $98.18. The firm has a market capitalization of $45.32 billion, a PE ratio of 231.63, a price-to-earnings-growth ratio of 4.96 and a beta of 1.49.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share 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. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.83 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $84.78, for a total transaction of $6,358,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,267,629 shares of the company’s stock, valued at approximately $107,469,586.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 368,607 shares of company stock worth $31,477,358. Corporate insiders own 10.18% of the company’s stock.

About Trade Desk

(Free Report)

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.

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

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