Krane Funds Advisors LLC Invests $1.24 Million in The Trade Desk $TTD

Krane Funds Advisors LLC bought a new stake in The Trade Desk (NASDAQ:TTD) during the 4th quarter, Holdings Channel reports. The firm bought 32,700 shares of the technology company’s stock, valued at approximately $1,241,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the period. Howard Capital Management Inc. increased its position in Trade Desk by 2.3% during the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after acquiring an additional 275 shares during the period. Insigneo Advisory Services LLC raised its stake in Trade Desk by 3.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock worth $423,000 after purchasing an additional 298 shares in the last quarter. Tema Etfs LLC boosted its holdings in Trade Desk by 4.1% in the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after purchasing an additional 302 shares during the period. Finally, Visionary Wealth Advisors boosted its holdings in Trade Desk by 3.3% in the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after purchasing an additional 327 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities dropped their price target on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Evercore set a $27.00 price objective on Trade Desk in a research note on Friday, May 8th. Moffett Nathanson reiterated a “neutral” rating and set a $32.00 target price on shares of Trade Desk in a research report on Thursday, February 26th. Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 target price on shares of Trade Desk in a report on Thursday, February 26th. Finally, DA Davidson set a $29.00 price target on Trade Desk and gave the company a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.91.

Trade Desk Price Performance

Shares of TTD stock opened at $19.95 on Monday. The business has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $28.92. The company has a market cap of $9.38 billion, a P/E ratio of 22.67, a P/E/G ratio of 0.97 and a beta of 1.05. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. As a group, equities research analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk declared that its board has approved a stock repurchase plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.