Norden Group LLC Has $291,000 Stock Holdings in The Trade Desk (NASDAQ:TTD)

Norden Group LLC grew its position in The Trade Desk (NASDAQ:TTD) by 121.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,311 shares of the technology company’s stock after buying an additional 2,913 shares during the quarter. Norden Group LLC’s holdings in Trade Desk were worth $291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bryce Point Capital LLC boosted its holdings in shares of Trade Desk by 302.9% in the first quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company’s stock worth $915,000 after buying an additional 12,575 shares during the period. TCW Group Inc. lifted its position in shares of Trade Desk by 16.5% in the first quarter. TCW Group Inc. now owns 1,438,895 shares of the technology company’s stock worth $78,736,000 after purchasing an additional 203,542 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its position in shares of Trade Desk by 3.2% in the first quarter. Sterling Investment Advisors Ltd. now owns 47,945 shares of the technology company’s stock worth $2,624,000 after purchasing an additional 1,495 shares in the last quarter. LPL Financial LLC grew its stake in Trade Desk by 14.7% in the first quarter. LPL Financial LLC now owns 900,457 shares of the technology company’s stock valued at $49,273,000 after purchasing an additional 115,332 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in Trade Desk in the first quarter valued at about $513,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David B. Wells sold 28,638 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director directly owned 66,985 shares of the company’s stock, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the sale, the chief executive officer directly owned 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Arete Research upgraded Trade Desk to a “strong sell” rating in a report on Monday. Guggenheim cut their target price on Trade Desk from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Royal Bank Of Canada cut their target price on Trade Desk from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Citigroup restated a “buy” rating on shares of Trade Desk in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $99.64.

Trade Desk Trading Up 2.2%

Shares of Trade Desk stock opened at $86.42 on Thursday. The company has a market capitalization of $42.47 billion, a PE ratio of 105.39, a PEG ratio of 3.84 and a beta of 1.36. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock’s fifty day simple moving average is $74.89 and its 200 day simple moving average is $75.11.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

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.