Aviva PLC Acquires 92,110 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Aviva PLC lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 51.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 270,135 shares of the technology company’s stock after purchasing an additional 92,110 shares during the period. Aviva PLC’s holdings in Trade Desk were worth $31,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its position in shares of Trade Desk by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 346,482 shares of the technology company’s stock worth $37,992,000 after purchasing an additional 13,936 shares during the period. Wellington Management Group LLP raised its stake in Trade Desk by 55.3% in the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock worth $169,892,000 after buying an additional 551,925 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Trade Desk by 31.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,602 shares of the technology company’s stock worth $1,196,000 after buying an additional 2,806 shares during the period. iA Global Asset Management Inc. boosted its position in Trade Desk by 4.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 45,633 shares of the technology company’s stock valued at $5,004,000 after acquiring an additional 1,898 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its holdings in shares of Trade Desk by 65.6% during the 3rd quarter. Glen Eagle Advisors LLC now owns 631 shares of the technology company’s stock worth $69,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TTD. Stifel Nicolaus lowered their target price on Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. KeyCorp dropped their target price on shares of Trade Desk from $130.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Jefferies Financial Group reduced their target price on shares of Trade Desk from $120.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. JMP Securities lowered their price target on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup decreased their target price on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $114.38.

Trade Desk Price Performance

Shares of TTD opened at $46.24 on Monday. The Trade Desk, Inc. has a one year low of $44.27 and a one year high of $141.53. The business has a fifty day moving average of $78.11 and a 200 day moving average of $106.54. The firm has a market capitalization of $22.94 billion, a P/E ratio of 59.28, a PEG ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.