Massmutual Trust Co. FSB ADV Has $49,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Posted by Defense World Staff on Mar 20th, 2023

Massmutual Trust Co. FSB ADV boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 54.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,083 shares of the technology company’s stock after buying an additional 380 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Trade Desk were worth $49,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

TTD has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Trade Desk in a research report on Thursday. They set a “hold” rating on the stock. BTIG Research assumed coverage on shares of Trade Desk in a report on Friday, March 3rd. They set a “neutral” rating for the company. Benchmark lowered shares of Trade Desk from a “hold” rating to a “sell” rating and set a $38.00 price objective for the company. in a research note on Thursday, March 9th. KeyCorp lifted their price objective on shares of Trade Desk from $55.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 16th. Finally, Stephens lifted their price target on shares of Trade Desk from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.55.

Trade Desk Stock Down 0.6 %

TTD opened at $58.51 on Monday. The business has a fifty day moving average of $52.81 and a 200 day moving average of $52.87. The Trade Desk, Inc. has a 52-week low of $39.00 and a 52-week high of $76.75. The stock has a market cap of $28.72 billion, a P/E ratio of 585.16, a PEG ratio of 5.22 and a beta of 1.83.

Trade Desk (NASDAQ:TTD – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. The business had revenue of $490.74 million for the quarter, compared to analysts’ expectations of $491.24 million. Equities analysts anticipate that The Trade Desk, Inc. will post 0.47 EPS for the current fiscal year.

Trade Desk Company Profile

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The Trade Desk, Inc engages in the provision of a technology platform for advertising buyers. It operates through the United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.