O Shares Investment Advisers LLC Buys New Holdings in Trade Desk Inc (NASDAQ:TTD)

O Shares Investment Advisers LLC bought a new position in Trade Desk Inc (NASDAQ:TTD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,924 shares of the technology company’s stock, valued at approximately $579,000.

Other hedge funds also recently added to or reduced their stakes in the company. Covenant Asset Management LLC purchased a new position in shares of Trade Desk in the first quarter worth $3,145,000. California State Teachers Retirement System lifted its holdings in shares of Trade Desk by 4.9% in the fourth quarter. California State Teachers Retirement System now owns 52,221 shares of the technology company’s stock worth $6,061,000 after buying an additional 2,442 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Trade Desk in the first quarter worth $1,476,000. Raymond James & Associates lifted its holdings in shares of Trade Desk by 78.1% in the fourth quarter. Raymond James & Associates now owns 29,807 shares of the technology company’s stock worth $3,459,000 after buying an additional 13,075 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its holdings in shares of Trade Desk by 8,343.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 19,252 shares of the technology company’s stock worth $3,811,000 after buying an additional 19,024 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

TTD stock traded down $6.04 during mid-day trading on Wednesday, reaching $243.32. 70,456 shares of the stock traded hands, compared to its average volume of 1,557,007. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. Trade Desk Inc has a one year low of $83.66 and a one year high of $257.13. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 126.06, a price-to-earnings-growth ratio of 6.71 and a beta of 2.86.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.42. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. The business had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $117.13 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The business’s revenue was up 41.2% compared to the same quarter last year. As a group, equities research analysts expect that Trade Desk Inc will post 1.83 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. Nomura reaffirmed a “reduce” rating and set a $144.00 price target on shares of Trade Desk in a research note on Wednesday. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Pivotal Research reaffirmed a “buy” rating and set a $265.00 price target (up previously from $255.00) on shares of Trade Desk in a research note on Wednesday, June 5th. Zacks Investment Research raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research note on Wednesday, May 15th. Finally, Citigroup upped their price target on shares of Trade Desk from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $190.18.

In other Trade Desk news, insider David Randall Pickles sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $204.89, for a total transaction of $2,048,900.00. Following the transaction, the insider now owns 60,077 shares in the company, valued at $12,309,176.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Vobejda sold 875 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $201.56, for a total transaction of $176,365.00. Following the transaction, the insider now owns 37,193 shares in the company, valued at approximately $7,496,621.08. The disclosure for this sale can be found here. Insiders have sold 129,572 shares of company stock worth $26,662,866 in the last quarter. Company insiders own 17.44% of the company’s stock.

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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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