Marshall Wace LLP Has $170.28 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Marshall Wace LLP lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 100.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,743,369 shares of the technology company’s stock after buying an additional 872,555 shares during the period. Marshall Wace LLP owned about 0.36% of Trade Desk worth $170,275,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Apella Capital LLC lifted its stake in Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance lifted its stake in Trade Desk by 0.6% in the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares during the last quarter. RFP Financial Group LLC lifted its stake in Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after purchasing an additional 116 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Trade Desk by 2.0% in the 2nd quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock valued at $612,000 after purchasing an additional 125 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in Trade Desk by 4.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock valued at $297,000 after purchasing an additional 127 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $108.53 on Tuesday. The firm has a market cap of $53.08 billion, a PE ratio of 271.33, a price-to-earnings-growth ratio of 5.07 and a beta of 1.48. The firm’s fifty day moving average is $98.92 and its 200-day moving average is $93.27. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $111.80.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Sell-side analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Truist Financial raised their price objective on shares of Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Bank of America started coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $108.71.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the sale, the insider now directly owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. Insiders have sold a total of 596,748 shares of company stock worth $61,010,053 over the last quarter. Company insiders own 10.18% of the company’s stock.

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.