Amalgamated Bank Acquires 349 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Amalgamated Bank boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,871 shares of the technology company’s stock after buying an additional 349 shares during the quarter. Amalgamated Bank’s holdings in Trade Desk were worth $2,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTD. Wealth Alliance increased its position in Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after buying an additional 106 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Trade Desk by 11.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 5,625 shares of the technology company’s stock worth $549,000 after acquiring an additional 584 shares during the period. Perennial Investment Advisors LLC lifted its holdings in Trade Desk by 218.8% during the second 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 in the last quarter. Edgestream Partners L.P. boosted its position in shares of Trade Desk by 130.8% in the second quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock worth $843,000 after purchasing an additional 4,895 shares during the period. Finally, One Capital Management LLC purchased a new stake in shares of Trade Desk in the second quarter worth $514,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTD has been the subject of a number of analyst reports. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their target price on 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 Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price objective on shares of Trade Desk in a research report on Wednesday, September 11th. Finally, Susquehanna upped their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $108.71.

Trade Desk Stock Performance

TTD opened at $108.53 on Tuesday. The stock’s 50 day moving average price is $98.92 and its 200-day moving average price is $93.27. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $111.80. The stock has a market cap of $53.08 billion, a price-to-earnings ratio of 271.33, a P/E/G ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during 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%. The business’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now directly owns 32,701 shares in the company, valued at $3,216,797.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The disclosure for this sale can be found here. Over the last quarter, insiders sold 596,748 shares of company stock valued at $61,010,053. Corporate insiders own 10.18% of the company’s stock.

About Trade Desk

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.