Duality Advisers LP Has $778,000 Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Duality Advisers LP raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 163.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,781 shares of the technology company’s stock after acquiring an additional 7,925 shares during the quarter. Duality Advisers LP’s holdings in Trade Desk were worth $778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Trade Desk by 61.6% in the 1st quarter. JPMorgan Chase & Co. now owns 19,593,717 shares of the technology company’s stock valued at $1,193,453,000 after buying an additional 7,471,935 shares during the last quarter. Norges Bank bought a new stake in shares of Trade Desk in the 4th quarter valued at approximately $100,508,000. 1832 Asset Management L.P. raised its stake in Trade Desk by 81.8% during the first quarter. 1832 Asset Management L.P. now owns 3,638,000 shares of the technology company’s stock worth $221,591,000 after acquiring an additional 1,636,700 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Trade Desk by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock worth $599,275,000 after purchasing an additional 1,239,936 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Trade Desk by 74.2% during the first quarter. Bank of America Corp DE now owns 2,853,174 shares of the technology company’s stock worth $173,787,000 after buying an additional 1,215,662 shares in the last quarter. Institutional investors own 68.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTD. Oppenheimer raised their target price on Trade Desk from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. KeyCorp raised their target price on Trade Desk from $75.00 to $100.00 in a report on Tuesday, July 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Trade Desk in a report on Thursday, August 10th. DA Davidson boosted their price objective on Trade Desk from $77.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $91.00 target price on shares of Trade Desk in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.48.

Trade Desk Price Performance

Shares of TTD opened at $83.38 on Monday. The firm has a market capitalization of $40.87 billion, a PE ratio of 320.70, a PEG ratio of 7.43 and a beta of 1.72. The company’s 50-day moving average is $81.94 and its 200-day moving average is $71.50. The Trade Desk, Inc. has a fifty-two week low of $39.43 and a fifty-two week high of $91.85.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Trade Desk had a return on equity of 6.43% and a net margin of 7.46%. The firm had revenue of $464.25 million for the quarter, compared to analyst estimates of $455.21 million. Analysts predict that The Trade Desk, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Laura Schenkein sold 3,219 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $79.59, for a total value of $256,200.21. Following the completion of the transaction, the chief financial officer now owns 666,915 shares of the company’s stock, valued at $53,079,764.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jay R. Grant sold 38,980 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $88.88, for a total value of $3,464,542.40. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $14,454,376.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Laura Schenkein sold 3,219 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $79.59, for a total value of $256,200.21. Following the completion of the transaction, the chief financial officer now owns 666,915 shares of the company’s stock, valued at $53,079,764.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,627 shares of company stock worth $6,204,371. Corporate insiders own 10.81% of the company’s stock.

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 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.