Nilsine Partners LLC Acquires Shares of 18,300 The Trade Desk $TTD

Nilsine Partners LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,300 shares of the technology company’s stock, valued at approximately $897,000.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC raised its stake in Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares in the last quarter. Algert Global LLC raised its stake in Trade Desk by 56.0% during the first quarter. Algert Global LLC now owns 66,340 shares of the technology company’s stock worth $3,630,000 after acquiring an additional 23,807 shares in the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of Trade Desk by 10.6% in the first quarter. Freestone Capital Holdings LLC now owns 4,906 shares of the technology company’s stock worth $268,000 after acquiring an additional 470 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Trade Desk in the 1st quarter valued at approximately $745,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TTD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trade Desk in a research report on Monday. Evercore ISI decreased their target price on shares of Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Benchmark upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, November 7th. Wells Fargo & Company cut their price objective on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Susquehanna lowered their target price on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a report on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.56.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $36.64 on Wednesday. The Trade Desk has a 52 week low of $35.65 and a 52 week high of $136.42. The firm has a market cap of $17.72 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07. The firm’s fifty day moving average is $44.81 and its 200-day moving average is $57.57.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same period last year, the company earned $0.41 EPS. Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. Sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has approved a stock buyback plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.