Odyssean LLC Raises Holdings in The Trade Desk $TTD

Odyssean LLC grew its position in shares of The Trade Desk (NASDAQ:TTD) by 182.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,768 shares of the technology company’s stock after buying an additional 39,217 shares during the period. Odyssean LLC’s holdings in Trade Desk were worth $1,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after purchasing an additional 485 shares in the last quarter. Woodline Partners LP raised its position in shares of Trade Desk by 75.5% in the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock valued at $289,000 after purchasing an additional 2,269 shares during the period. Cerity Partners LLC raised its position in shares of Trade Desk by 46.6% in the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock valued at $4,304,000 after purchasing an additional 19,015 shares during the period. Finally, AXA S.A. lifted its stake in shares of Trade Desk by 14.7% during the 2nd quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after buying an additional 5,487 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 1.7%

TTD stock opened at $13.03 on Thursday. The company’s 50 day moving average is $17.15 and its 200 day moving average is $21.03. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The Trade Desk has a 1-year low of $12.83 and a 1-year high of $56.39.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The Trade Desk will post 0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTD. UBS Group set a $16.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research note on Friday, August 7th. Wall Street Zen cut Trade Desk from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Wells Fargo & Company set a $12.00 price objective on Trade Desk and gave the company an “equal weight” rating in a research note on Friday, August 7th. Zacks Research cut Trade Desk from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Piper Sandler restated a “neutral” rating and issued a $24.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and ten have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $19.33.

Trade Desk Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.