Janus Henderson Group PLC Takes Position in The Trade Desk Inc. (TTD)

Janus Henderson Group PLC purchased a new position in The Trade Desk Inc. (NASDAQ:TTD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 485,770 shares of the technology company’s stock, valued at approximately $24,342,000. Janus Henderson Group PLC owned 1.21% of The Trade Desk at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in shares of The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,824 shares in the last quarter. Advisor Group Inc. increased its stake in shares of The Trade Desk by 9,856.5% in the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of The Trade Desk by 665.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,029 shares in the last quarter. American International Group Inc. purchased a new stake in shares of The Trade Desk in the first quarter worth $126,000. Finally, Legal & General Group Plc increased its stake in shares of The Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 62.80% of the company’s stock.

A number of analysts have recently issued reports on TTD shares. Cantor Fitzgerald set a $60.00 price objective on shares of The Trade Desk and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $57.00 price objective on shares of The Trade Desk in a research note on Friday, June 23rd. BidaskClub raised shares of The Trade Desk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $66.00 target price on shares of The Trade Desk in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $66.63.

COPYRIGHT VIOLATION NOTICE: “Janus Henderson Group PLC Takes Position in The Trade Desk Inc. (TTD)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/janus-henderson-group-plc-takes-position-in-the-trade-desk-inc-ttd.html.

The Trade Desk Inc. (NASDAQ TTD) opened at 63.89 on Wednesday. The firm has a 50 day moving average of $60.93 and a 200-day moving average of $60.93. The stock has a market capitalization of $2.61 billion and a PE ratio of 58.99. The Trade Desk Inc. has a 52 week low of $22.00 and a 52 week high of $67.30.

The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The business’s revenue was up 54.2% compared to the same quarter last year. On average, equities analysts predict that The Trade Desk Inc. will post $1.43 EPS for the current year.

In other news, COO Robert David Perdue sold 12,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $53.34, for a total transaction of $666,750.00. Following the completion of the sale, the chief operating officer now owns 89,766 shares of the company’s stock, valued at $4,788,118.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider B

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in shares of The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,824 shares in the last quarter. Advisor Group Inc. increased its stake in shares of The Trade Desk by 9,856.5% in the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of The Trade Desk by 665.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,029 shares in the last quarter. American International Group Inc. purchased a new stake in shares of The Trade Desk in the first quarter worth $126,000. Finally, Legal & General Group Plc increased its stake in shares of The Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 62.80% of the company’s stock.

A number of analysts have recently issued reports on TTD shares. Cantor Fitzgerald set a $60.00 price objective on shares of The Trade Desk and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $57.00 price objective on shares of The Trade Desk in a research note on Friday, June 23rd. BidaskClub raised shares of The Trade Desk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $66.00 target price on shares of The Trade Desk in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $66.63.

COPYRIGHT VIOLATION NOTICE: “Janus Henderson Group PLC Takes Position in The Trade Desk Inc. (TTD)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/janus-henderson-group-plc-takes-position-in-the-trade-desk-inc-ttd.html.

The Trade Desk Inc. (NASDAQ TTD) opened at 63.89 on Wednesday. The firm has a 50 day moving average of $60.93 and a 200-day moving average of $60.93. The stock has a market capitalization of $2.61 billion and a PE ratio of 58.99. The Trade Desk Inc. has a 52 week low of $22.00 and a 52 week high of $67.30.

The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The business’s revenue was up 54.2% compared to the same quarter last year. On average, equities analysts predict that The Trade Desk Inc. will post $1.43 EPS for the current year.

In other news, COO Robert David Perdue sold 12,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $53.34, for a total transaction of $666,750.00. Following the completion of the sale, the chief operating officer now owns 89,766 shares of the company’s stock, valued at $4,788,118.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $64.18, for a total transaction of $641,800.00. The disclosure for this sale can be found here. Insiders have sold 316,704 shares of company stock valued at $17,686,464 in the last ninety days. Insiders own 26.87% of the company’s stock.

The Trade Desk Profile

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

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

Receive News & Ratings for The Trade Desk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Trade Desk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply