Great West Life Assurance Co. Can increased its holdings in Trade Desk Inc (NASDAQ:TTD) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,794 shares of the technology company’s stock after buying an additional 956 shares during the period. Great West Life Assurance Co. Can’s holdings in Trade Desk were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Trade Desk during the 4th quarter worth about $26,000. Financial Architects Inc raised its holdings in Trade Desk by 114.1% in the 4th quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in Trade Desk by 792.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 464 shares of the technology company’s stock valued at $70,000 after acquiring an additional 412 shares during the last quarter. Private Capital Group LLC raised its holdings in Trade Desk by 139.3% in the 4th quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after acquiring an additional 287 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in Trade Desk in the 4th quarter valued at about $73,000. 71.74% of the stock is owned by institutional investors.
Several research firms have recently weighed in on TTD. SunTrust Banks reissued a “buy” rating and issued a $210.00 price target on shares of Trade Desk in a research note on Wednesday, March 27th. Zacks Investment Research raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research report on Thursday. DA Davidson increased their price objective on shares of Trade Desk to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $195.00 price objective on shares of Trade Desk in a research report on Friday, February 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $157.78.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.28. The firm had revenue of $160.47 million for the quarter, compared to the consensus estimate of $148.18 million. Trade Desk had a net margin of 18.47% and a return on equity of 27.22%. As a group, sell-side analysts expect that Trade Desk Inc will post 1.62 EPS for the current year.
In related news, CFO Paul Ross sold 6,049 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $154.90, for a total value of $936,990.10. Following the completion of the sale, the chief financial officer now directly owns 38,644 shares in the company, valued at $5,985,955.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO David Randall Pickles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $205.16, for a total transaction of $2,051,600.00. Following the completion of the sale, the chief technology officer now owns 60,077 shares of the company’s stock, valued at $12,325,397.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 676,382 shares of company stock valued at $131,182,324. 17.44% of the stock is currently owned by company insiders.
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About Trade Desk
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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