Sunbelt Securities Inc. grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,802 shares of the technology company's stock after acquiring an additional 242 shares during the quarter. Sunbelt Securities Inc.'s holdings in Trade Desk were worth $825,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TTD. First PREMIER Bank acquired a new stake in Trade Desk during the 3rd quarter valued at approximately $26,000. MUFG Americas Holdings Corp purchased a new stake in Trade Desk in the third quarter valued at $30,000. Activest Wealth Management grew its position in Trade Desk by 125.2% during the 3rd quarter. Activest Wealth Management now owns 554 shares of the technology company's stock worth $33,000 after purchasing an additional 308 shares during the period. BDO Wealth Advisors LLC raised its stake in shares of Trade Desk by 250.0% during the 3rd quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company's stock valued at $34,000 after buying an additional 405 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Trade Desk by 1,003.8% in the 3rd quarter. CI Investments Inc. now owns 585 shares of the technology company's stock valued at $35,000 after buying an additional 532 shares during the period. 67.04% of the stock is owned by hedge funds and other institutional investors.
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TTD has been the subject of several recent research reports. Guggenheim lifted their price target on Trade Desk from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 16th. Morgan Stanley boosted their target price on shares of Trade Desk from $50.00 to $58.00 and gave the company an "equal weight" rating in a research note on Thursday, February 16th. StockNews.com began coverage on shares of Trade Desk in a research report on Thursday. They set a "hold" rating on the stock. Piper Sandler initiated coverage on shares of Trade Desk in a research report on Tuesday, December 20th. They issued an "overweight" rating and a $60.00 price objective for the company. Finally, Vertical Research cut Trade Desk from a "positive" rating to a "neutral" rating in a research report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.55.
Trade Desk Price Performance
NASDAQ TTD opened at $55.09 on Thursday. The company has a market cap of $27.04 billion, a PE ratio of 550.96, a price-to-earnings-growth ratio of 4.76 and a beta of 1.83. The stock's 50 day simple moving average is $52.16 and its 200-day simple moving average is $53.00. The Trade Desk, Inc. has a 1-year low of $39.00 and a 1-year high of $76.75.
Trade Desk (NASDAQ:TTD – Get Rating) last released its earnings results 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 net margin of 3.38% and a return on equity of 2.86%. The firm had revenue of $490.74 million during the quarter, compared to analysts' expectations of $491.24 million. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.47 EPS for the current fiscal year.
About Trade Desk
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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.
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