Cetera Advisor Networks LLC acquired a new position in Trade Desk Inc (NASDAQ:TTD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,335 shares of the technology company’s stock, valued at approximately $305,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC raised its position in shares of Trade Desk by 198.3% during the second quarter. Cetera Advisors LLC now owns 7,458 shares of the technology company’s stock worth $1,700,000 after purchasing an additional 4,958 shares during the period. Cetera Investment Advisers raised its holdings in Trade Desk by 9.3% in the 2nd quarter. Cetera Investment Advisers now owns 1,183 shares of the technology company’s stock valued at $271,000 after acquiring an additional 101 shares in the last quarter. Pearl River Capital LLC acquired a new position in Trade Desk in the 2nd quarter valued at approximately $69,000. Mastrapasqua Asset Management Inc. raised its holdings in Trade Desk by 3.1% in the 2nd quarter. Mastrapasqua Asset Management Inc. now owns 17,410 shares of the technology company’s stock valued at $3,966,000 after acquiring an additional 516 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Trade Desk by 1.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,249 shares of the technology company’s stock valued at $512,000 after acquiring an additional 37 shares in the last quarter. 65.59% of the stock is currently owned by institutional investors.
TTD opened at $184.76 on Friday. The company has a 50 day moving average of $233.92 and a 200 day moving average of $224.10. The company has a market cap of $8.75 billion, a PE ratio of 94.00, a price-to-earnings-growth ratio of 3.82 and a beta of 2.77. Trade Desk Inc has a 12 month low of $102.35 and a 12 month high of $289.51. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.51. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $155.26 million. Trade Desk had a net margin of 17.44% and a return on equity of 23.63%. The company’s revenue was up 42.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Research analysts forecast that Trade Desk Inc will post 1.85 earnings per share for the current fiscal year.
In other Trade Desk news, CEO Jeffrey Terry Green sold 10,000 shares of Trade Desk stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $233.50, for a total value of $2,335,000.00. Following the completion of the transaction, the chief executive officer now directly owns 103,392 shares of the company’s stock, valued at $24,142,032. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vivian Yang sold 1,263 shares of Trade Desk stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $204.21, for a total transaction of $257,917.23. Following the completion of the transaction, the insider now directly owns 43,727 shares of the company’s stock, valued at $8,929,490.67. The disclosure for this sale can be found here. Insiders sold 489,452 shares of company stock valued at $125,095,671 over the last ninety days. Corporate insiders own 17.44% of the company’s stock.
TTD has been the subject of several recent research reports. SunTrust Banks upped their price target on Trade Desk from $206.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 9th. Oppenheimer increased their price objective on Trade Desk from $210.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Raymond James lowered Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price objective on the stock. in a research report on Friday, August 9th. TheStreet upgraded Trade Desk from a “c-” rating to a “b-” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group downgraded Trade Desk from a “buy” rating to a “hold” rating and increased their price target for the company from $225.00 to $250.00 in a research note on Thursday, July 18th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $226.34.
Trade Desk Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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