Capital Impact Advisors LLC increased its holdings in Trade Desk Inc (NASDAQ:TTD) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,989 shares of the technology company’s stock after purchasing an additional 1,948 shares during the quarter. Trade Desk makes up approximately 1.3% of Capital Impact Advisors LLC’s holdings, making the stock its 11th largest holding. Capital Impact Advisors LLC owned about 0.06% of Trade Desk worth $3,716,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in Trade Desk by 7.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,697 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Trade Desk by 5.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 19,665 shares of the technology company’s stock valued at $975,000 after acquiring an additional 1,063 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in Trade Desk by 235.7% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,162 shares in the last quarter. Guggenheim Capital LLC boosted its position in Trade Desk by 12.2% during the 1st quarter. Guggenheim Capital LLC now owns 11,257 shares of the technology company’s stock valued at $560,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Trade Desk by 15.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,739 shares of the technology company’s stock valued at $483,000 after acquiring an additional 1,314 shares in the last quarter. 71.68% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. Oppenheimer boosted their price target on Trade Desk to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 22nd. BidaskClub cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. DA Davidson assumed coverage on Trade Desk in a research report on Monday, October 8th. They issued a “buy” rating and a $158.00 price target on the stock. Royal Bank of Canada boosted their price target on Trade Desk from $80.00 to $126.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. Finally, Pivotal Research dropped their price target on Trade Desk from $59.00 to $55.00 and set a “sell” rating on the stock in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $118.00.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The company had revenue of $112.30 million during the quarter, compared to analyst estimates of $103.87 million. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 54.3% on a year-over-year basis. As a group, analysts anticipate that Trade Desk Inc will post 1.44 earnings per share for the current year.
In related news, CFO Paul Ross sold 26,230 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $126.35, for a total value of $3,314,160.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian John Stempeck sold 20,332 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $94.87, for a total transaction of $1,928,896.84. Following the completion of the transaction, the insider now owns 65,352 shares of the company’s stock, valued at $6,199,944.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 665,721 shares of company stock valued at $88,499,702. 26.87% of the stock is owned by company insiders.
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 connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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