Pennsylvania Trust Co Invests $349,000 in Trade Desk Inc (TTD) Stock

Pennsylvania Trust Co acquired a new stake in Trade Desk Inc (NASDAQ:TTD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,162 shares of the technology company’s stock, valued at approximately $349,000.

A number of other hedge funds have also made changes to their positions in TTD. JPMorgan Chase & Co. boosted its stake in Trade Desk by 1,770.2% in the third quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock valued at $102,358,000 after acquiring an additional 718,872 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Trade Desk by 108.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,239,786 shares of the technology company’s stock worth $143,890,000 after purchasing an additional 643,820 shares during the period. FMR LLC raised its holdings in Trade Desk by 29.4% in the fourth quarter. FMR LLC now owns 2,026,767 shares of the technology company’s stock worth $235,226,000 after purchasing an additional 460,727 shares during the period. Vanguard Group Inc raised its holdings in Trade Desk by 16.0% in the third quarter. Vanguard Group Inc now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after purchasing an additional 414,136 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Trade Desk by 16.0% in the third quarter. Vanguard Group Inc. now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after purchasing an additional 414,136 shares during the period. 71.77% of the stock is currently owned by hedge funds and other institutional investors.

TTD has been the topic of several analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $144.00 target price on shares of Trade Desk in a report on Wednesday, February 20th. Oppenheimer increased their target price on shares of Trade Desk from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. TheStreet upgraded shares of Trade Desk from a “c” rating to a “b-” rating in a report on Friday, March 8th. SunTrust Banks reiterated a “buy” rating and issued a $195.00 target price on shares of Trade Desk in a report on Friday, February 22nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $150.22.

Shares of TTD stock opened at $198.74 on Monday. Trade Desk Inc has a 1 year low of $47.61 and a 1 year high of $214.70. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 103.51, a price-to-earnings-growth ratio of 6.68 and a beta of 2.98.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.28. Trade Desk had a net margin of 18.47% and a return on equity of 27.22%. The company had revenue of $160.47 million during the quarter, compared to the consensus estimate of $148.18 million. Equities research analysts anticipate that Trade Desk Inc will post 1.62 earnings per share for the current fiscal year.

In other news, CTO David Randall Pickles sold 10,000 shares of Trade Desk stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $205.16, for a total value of $2,051,600.00. Following the completion of the transaction, the chief technology officer now owns 60,077 shares of the company’s stock, valued at approximately $12,325,397.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 59,760 shares of Trade Desk stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $198.63, for a total transaction of $11,870,128.80. Following the completion of the transaction, the chief executive officer now directly owns 153,152 shares of the company’s stock, valued at approximately $30,420,581.76. The disclosure for this sale can be found here. In the last three months, insiders sold 676,382 shares of company stock valued at $131,182,324. Insiders own 17.44% of the company’s stock.

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Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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