The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTDGet Rating) by 153.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,659 shares of the technology company’s stock after acquiring an additional 13,716 shares during the quarter. Ieq Capital LLC’s holdings in Trade Desk were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TTD. MetLife Investment Management LLC acquired a new position in Trade Desk in the first quarter valued at about $1,946,000. Synovus Financial Corp increased its stake in Trade Desk by 32.8% during the first quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock worth $561,000 after purchasing an additional 1,996 shares during the period. Vontobel Holding Ltd. increased its stake in Trade Desk by 43.0% during the first quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock worth $1,019,000 after purchasing an additional 4,276 shares during the period. Aviva PLC increased its stake in Trade Desk by 8.5% during the first quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock worth $7,146,000 after purchasing an additional 8,059 shares during the period. Finally, National Pension Service increased its stake in Trade Desk by 11.2% during the first quarter. National Pension Service now owns 657,768 shares of the technology company’s stock worth $45,550,000 after purchasing an additional 66,179 shares during the period. Institutional investors and hedge funds own 67.04% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $47.62 on Wednesday. The stock has a fifty day moving average price of $47.23 and a 200 day moving average price of $53.13. The Trade Desk, Inc. has a 1-year low of $39.00 and a 1-year high of $86.88. The company has a market cap of $23.31 billion, a PE ratio of -2,381.00, a P/E/G ratio of 3.86 and a beta of 1.78.

Trade Desk (NASDAQ:TTDGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $394.77 million during the quarter, compared to analysts’ expectations of $386.29 million. Trade Desk had a negative return on equity of 0.57% and a negative net margin of 0.66%. Analysts anticipate that The Trade Desk, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTD has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Trade Desk from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 18th. Piper Sandler started coverage on shares of Trade Desk in a research note on Tuesday, December 20th. They set an “overweight” rating and a $60.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Trade Desk from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Susquehanna Bancshares cut their target price on shares of Trade Desk from $95.00 to $90.00 in a research note on Thursday, November 10th. Finally, KeyCorp cut their target price on shares of Trade Desk from $60.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, November 10th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Trade Desk Profile

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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 across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.

See Also

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

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