Toronto Dominion Bank raised its position in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 37.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,715 shares of the technology company’s stock after acquiring an additional 35,362 shares during the quarter. Toronto Dominion Bank’s holdings in Trade Desk were worth $5,767,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of TTD. Retirement Financial Solutions LLC bought a new position in shares of Trade Desk in the fourth quarter valued at about $29,000. Evermay Wealth Management LLC bought a new position in shares of Trade Desk in the fourth quarter valued at about $30,000. MUFG Americas Holdings Corp bought a new position in shares of Trade Desk in the third quarter valued at about $30,000. BDO Wealth Advisors LLC increased its position in Trade Desk by 250.0% during the third quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company’s stock worth $34,000 after acquiring an additional 405 shares during the period. Finally, CI Investments Inc. increased its position in Trade Desk by 1,003.8% during the third quarter. CI Investments Inc. now owns 585 shares of the technology company’s stock worth $35,000 after acquiring an additional 532 shares during the period. 67.04% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on TTD shares. Citigroup raised their price target on shares of Trade Desk from $60.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Needham & Company LLC reissued a “buy” rating and issued a $68.00 target price on shares of Trade Desk in a report on Thursday, March 23rd. BTIG Research initiated coverage on shares of Trade Desk in a report on Friday, March 3rd. They issued a “neutral” rating on the stock. Stephens raised their target price on shares of Trade Desk from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 16th. Finally, Benchmark restated a “sell” rating and issued a $38.00 price target on shares of Trade Desk in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.30.
Trade Desk Stock Up 2.1 %
Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). Trade Desk had a return on equity of 2.86% and a net margin of 3.38%. The business had revenue of $490.74 million for the quarter, compared to analyst estimates of $491.24 million. Sell-side analysts expect that The Trade Desk, Inc. will post 0.46 EPS for the current fiscal year.
Insiders Place Their Bets
In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $59.40, for a total transaction of $178,140.60. Following the transaction, the director now owns 74,059 shares in the company, valued at $4,399,104.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO David Randall Pickles sold 2,050 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $60.00, for a total value of $123,000.00. Following the completion of the sale, the chief technology officer now owns 470,930 shares in the company, valued at $28,255,800. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $59.40, for a total transaction of $178,140.60. Following the completion of the sale, the director now owns 74,059 shares of the company’s stock, valued at approximately $4,399,104.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 962,769 shares of company stock worth $58,223,655. Insiders own 10.81% of the company’s stock.
Trade Desk Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Trade Desk (TTD)
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