Vanguard Personalized Indexing Management LLC Acquires 6,656 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,411 shares of the technology company’s stock after acquiring an additional 6,656 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Trade Desk were worth $4,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in Trade Desk by 1.2% in the second quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock worth $2,918,000 after buying an additional 349 shares during the period. Wealth Alliance raised its position in shares of Trade Desk by 0.6% in the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after acquiring an additional 106 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Trade Desk by 11.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 5,625 shares of the technology company’s stock valued at $549,000 after purchasing an additional 584 shares during the period. Perennial Investment Advisors LLC lifted its stake in shares of Trade Desk by 218.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 2,987 shares of the technology company’s stock valued at $292,000 after purchasing an additional 2,050 shares during the period. Finally, Edgestream Partners L.P. boosted its position in shares of Trade Desk by 130.8% during the second quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock valued at $843,000 after purchasing an additional 4,895 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 2.0 %

NASDAQ TTD opened at $110.14 on Friday. The firm has a market capitalization of $54.14 billion, a P/E ratio of 275.36, a PEG ratio of 5.07 and a beta of 1.48. The company has a 50-day moving average price of $98.55 and a 200-day moving average price of $92.74. 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 released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the sale, the chief financial officer now owns 703,038 shares in the company, valued at $70,606,106.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 596,748 shares of company stock worth $61,010,053. Corporate insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTD shares. Morgan Stanley raised their price objective on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Citigroup lifted their price target on shares of Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America assumed coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Macquarie reaffirmed an “outperform” rating and set a $115.00 target price on shares of Trade Desk in a research note on Friday, August 9th. Finally, KeyCorp boosted their price target on Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.05.

Trade Desk 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.