Commerce Bank Sells 38 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

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Commerce Bank decreased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,243 shares of the technology company’s stock after selling 38 shares during the period. Commerce Bank’s holdings in The Trade Desk were worth $1,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTD. Jennison Associates LLC raised its position in shares of The Trade Desk by 36.5% in the 2nd quarter. Jennison Associates LLC now owns 2,513,029 shares of the technology company’s stock worth $1,021,546,000 after acquiring an additional 671,462 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of The Trade Desk by 101.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,505 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 200,240 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of The Trade Desk in the 2nd quarter worth approximately $65,605,000. Swiss National Bank raised its position in shares of The Trade Desk by 120.0% in the 2nd quarter. Swiss National Bank now owns 161,500 shares of the technology company’s stock worth $65,650,000 after acquiring an additional 88,100 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in The Trade Desk by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,806,453 shares of the technology company’s stock valued at $1,547,322,000 after buying an additional 78,004 shares in the last quarter. 71.70% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Blake Jeffrey Grayson sold 83 shares of The Trade Desk stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $423.01, for a total value of $35,109.83. Following the sale, the chief financial officer now directly owns 22,999 shares of the company’s stock, valued at $9,728,806.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Susan Vobejda sold 3,274 shares of The Trade Desk stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $800.00, for a total value of $2,619,200.00. Following the completion of the sale, the chief marketing officer now directly owns 33,471 shares in the company, valued at $26,776,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,736 shares of company stock worth $9,158,363. 13.12% of the stock is owned by insiders.

TTD stock opened at $772.42 on Thursday. The company has a market cap of $36.28 billion, a P/E ratio of 311.46, a price-to-earnings-growth ratio of 17.52 and a beta of 2.44. The Trade Desk, Inc. has a 1 year low of $136.00 and a 1 year high of $847.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average price is $636.44 and its 200-day moving average price is $464.91.

The Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.82. The firm had revenue of $216.10 million for the quarter, compared to the consensus estimate of $181.30 million. The Trade Desk had a return on equity of 18.10% and a net margin of 17.57%. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. As a group, analysts expect that The Trade Desk, Inc. will post 1.41 earnings per share for the current year.

A number of research analysts recently weighed in on the company. Needham & Company LLC raised their price objective on The Trade Desk from $580.00 to $750.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. Truist raised their price objective on The Trade Desk from $450.00 to $730.00 in a research report on Friday, November 6th. Royal Bank of Canada raised their price objective on The Trade Desk from $510.00 to $715.00 and gave the company a “sector perform” rating in a research report on Friday, November 6th. BidaskClub raised The Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Finally, ValuEngine raised The Trade Desk from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The Trade Desk has a consensus rating of “Buy” and a consensus target price of $537.89.

The Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various advertising formats, including display, video, audio, native and social, and on various devices, such as computers, mobile devices, and connected TV.

Further Reading: Understanding Specialty Certificates of Deposit

Institutional Ownership by Quarter for The Trade Desk (NASDAQ:TTD)

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