Mutual of America Capital Management LLC Takes Position in The Trade Desk $TTD

Mutual of America Capital Management LLC purchased a new position in The Trade Desk (NASDAQ:TTD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,302 shares of the technology company’s stock, valued at approximately $2,367,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares in the last quarter. Versant Capital Management Inc grew its stake in Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares during the period. Root Financial Partners LLC bought a new position in Trade Desk in the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Trade Desk during the second quarter valued at $28,000. Finally, Transce3nd LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at $28,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TTD. Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Stifel Nicolaus set a $74.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research note on Friday, January 23rd. Needham & Company LLC dropped their price target on Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. BNP Paribas Exane assumed coverage on Trade Desk in a research note on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Bank of America lowered their price objective on Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Hold” and an average target price of $65.53.

Trade Desk Trading Down 2.9%

TTD stock opened at $30.33 on Monday. The stock’s 50 day simple moving average is $37.25 and its 200 day simple moving average is $49.19. The Trade Desk has a 12-month low of $30.13 and a 12-month high of $125.80. The stock has a market capitalization of $14.67 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. On average, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Trade Desk 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.