King Luther Capital Management Corp grew its stake in Trade Desk Inc (NASDAQ:TTD) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,260 shares of the technology company’s stock after purchasing an additional 20,505 shares during the period. King Luther Capital Management Corp owned approximately 0.37% of Trade Desk worth $9,366,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in shares of Trade Desk by 23.6% in the 3rd quarter. California State Teachers Retirement System now owns 37,957 shares of the technology company’s stock valued at $2,335,000 after purchasing an additional 7,257 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Trade Desk by 232.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 95,959 shares of the technology company’s stock worth $5,903,000 after purchasing an additional 67,059 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Trade Desk by 9.6% during the third quarter. Wells Fargo & Company MN now owns 72,312 shares of the technology company’s stock worth $4,447,000 after purchasing an additional 6,319 shares in the last quarter. Zevenbergen Capital Investments LLC lifted its stake in Trade Desk by 59.8% during the third quarter. Zevenbergen Capital Investments LLC now owns 50,135 shares of the technology company’s stock worth $3,084,000 after purchasing an additional 18,760 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Trade Desk in the third quarter valued at $308,000. 65.46% of the stock is owned by institutional investors and hedge funds.
Shares of Trade Desk Inc (TTD) opened at $45.07 on Wednesday. The firm has a market cap of $1,860.00 and a PE ratio of 46.15. Trade Desk Inc has a 1 year low of $26.08 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The business had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. equities research analysts forecast that Trade Desk Inc will post 1.29 earnings per share for the current fiscal year.
Several research firms recently commented on TTD. Vetr lowered Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 target price on the stock. in a report on Tuesday, October 31st. Macquarie started coverage on shares of Trade Desk in a research note on Thursday, October 12th. They set an “outperform” rating and a $78.00 target price for the company. Zacks Investment Research downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks reissued a “hold” rating and set a $55.00 price objective on shares of Trade Desk in a research note on Monday, November 6th. Finally, JMP Securities initiated coverage on shares of Trade Desk in a research note on Monday, October 2nd. They issued an “outperform” rating and a $70.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $67.07.
In other Trade Desk news, insider David Randall Pickles sold 70,000 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $60.89, for a total value of $4,262,300.00. Following the completion of the sale, the insider now directly owns 56,499 shares of the company’s stock, valued at approximately $3,440,224.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the firm’s stock in a transaction dated 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. Over the last ninety days, insiders sold 151,894 shares of company stock valued at $9,180,577. Company insiders own 26.87% of the company’s stock.
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.
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