Axiom Advisory LLC Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Axiom Advisory LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,350 shares of the technology company’s stock after acquiring an additional 450 shares during the period. Axiom Advisory LLC’s holdings in Trade Desk were worth $1,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. 1832 Asset Management L.P. acquired a new position in Trade Desk in the 1st quarter valued at $225,710,000. Marshall Wace LLP increased its stake in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the last quarter. Vanguard Group Inc. lifted its position in Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after buying an additional 818,568 shares during the period. Acadian Asset Management LLC boosted its stake in Trade Desk by 3,973.6% in the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after buying an additional 437,967 shares during the last quarter. Finally, Steadfast Capital Management LP boosted its stake in Trade Desk by 78.3% in the 1st quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after buying an additional 431,600 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

TTD has been the topic of several recent analyst reports. Susquehanna increased their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Citigroup boosted their price objective on shares of Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Evercore ISI raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Wedbush reissued an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. Finally, Oppenheimer raised their price objective on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.89.

Insider Activity

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,452,248 shares of company stock worth $157,894,406. 10.18% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 2.4 %

Shares of NASDAQ TTD opened at $114.53 on Wednesday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $114.58. The business has a 50 day moving average price of $102.40 and a two-hundred day moving average price of $95.58. The firm has a market cap of $56.02 billion, a PE ratio of 286.33, a price-to-earnings-growth ratio of 5.44 and a beta of 1.48.

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

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.