Farther Finance Advisors LLC boosted its stake in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 15.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,536 shares of the technology company’s stock after acquiring an additional 620 shares during the period. Farther Finance Advisors LLC’s holdings in Trade Desk were worth $327,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of TTD. Brown Advisory Inc. lifted its position in Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock valued at $443,358,000 after purchasing an additional 5,387,339 shares during the last quarter. Nuveen LLC bought a new stake in shares of Trade Desk in the 1st quarter worth about $191,935,000. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after acquiring an additional 1,567,491 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Trade Desk by 255.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock worth $96,132,000 after acquiring an additional 1,262,492 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in shares of Trade Desk in the 1st quarter worth about $66,948,000. Institutional investors own 67.77% of the company’s stock.
Trade Desk Stock Performance
NASDAQ TTD opened at $49.64 on Tuesday. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 59.81, a price-to-earnings-growth ratio of 2.45 and a beta of 1.36. The company’s 50-day simple moving average is $59.82 and its two-hundred day simple moving average is $63.05. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.
Insider Transactions at Trade Desk
In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TTD. HSBC restated a “hold” rating and issued a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a report on Monday. Citigroup lowered their target price on shares of Trade Desk from $65.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, September 19th. Hsbc Global Res lowered shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Wells Fargo & Company lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.15.
Get Our Latest Stock Report on Trade Desk
Trade Desk Company Profile
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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