Eastern Bank Buys Shares of 3,783 The Trade Desk, Inc. (NASDAQ:TTD)

Eastern Bank purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 3,783 shares of the technology company’s stock, valued at approximately $415,000.

Other hedge funds also recently modified their holdings of the company. Apella Capital LLC lifted its holdings in Trade Desk by 1.9% during the second 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 raised its position in shares of Trade Desk by 0.6% in the second 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 period. Parisi Gray Wealth Management lifted its stake in shares of Trade Desk by 2.6% during the 3rd quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after buying an additional 111 shares in the last quarter. RFP Financial Group LLC boosted its holdings in Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after buying an additional 116 shares during the period. Finally, Compagnie Lombard Odier SCmA grew its stake in Trade Desk by 6.2% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock valued at $233,000 after buying an additional 123 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 1.5 %

Shares of NASDAQ:TTD opened at $117.17 on Thursday. The company’s fifty day moving average is $108.37 and its 200 day moving average is $97.88. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $120.78. The stock has a market cap of $57.60 billion, a PE ratio of 234.34, a PEG ratio of 5.72 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTD. Oppenheimer raised their price target on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Susquehanna lifted their target price on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Royal Bank of Canada upped their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. KeyCorp raised their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Benchmark upped their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.97.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred 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 approximately $39,682,694.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred 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 directly owns 380,832 shares in the company, valued at $39,682,694.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,557,897 shares of company stock valued at $170,121,565. 9.72% of the stock is currently owned by company insiders.

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.