Virtu Financial LLC Invests $1.23 Million in The Trade Desk, Inc. (NASDAQ:TTD)

Virtu Financial LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,055 shares of the technology company’s stock, valued at approximately $1,227,000.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL boosted its stake in Trade Desk by 27.8% during the 3rd quarter. Blair William & Co. IL now owns 11,032 shares of the technology company’s stock worth $862,000 after purchasing an additional 2,399 shares during the last quarter. E Fund Management Co. Ltd. purchased a new stake in Trade Desk during the 3rd quarter valued at about $329,000. PNC Financial Services Group Inc. grew its holdings in Trade Desk by 7.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 54,018 shares of the technology company’s stock valued at $4,222,000 after buying an additional 3,784 shares in the last quarter. Aviva PLC increased its stake in shares of Trade Desk by 100.5% in the 3rd quarter. Aviva PLC now owns 173,469 shares of the technology company’s stock worth $13,557,000 after acquiring an additional 86,970 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Trade Desk by 3.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 28,214 shares of the technology company’s stock worth $2,205,000 after acquiring an additional 842 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Citigroup lifted their price target on shares of Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Oppenheimer increased their price objective on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Piper Sandler restated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.01.

Check Out Our Latest Analysis on Trade Desk

Trade Desk Stock Up 0.0 %

Trade Desk stock traded up $0.04 during midday trading on Friday, reaching $95.66. The company’s stock had a trading volume of 2,012,934 shares, compared to its average volume of 2,990,852. The company has a market cap of $46.79 billion, a P/E ratio of 239.16, a P/E/G ratio of 5.04 and a beta of 1.49. The business has a 50-day simple moving average of $89.36 and a 200-day simple moving average of $80.39. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $98.18.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.83 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $85.42, for a total value of $6,406,500.00. Following the completion of the transaction, the chief executive officer now owns 1,117,629 shares in the company, valued at approximately $95,467,869.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 368,607 shares of company stock valued at $31,477,358 over the last three months. 10.18% of the stock is owned by insiders.

Trade Desk Company Profile

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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

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