Sei Investments Co. Has $5.32 Million Stock Position in The Trade Desk $TTD

Sei Investments Co. grew its stake in shares of The Trade Desk (NASDAQ:TTD) by 18.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 234,540 shares of the technology company’s stock after buying an additional 36,478 shares during the quarter. Sei Investments Co.’s holdings in Trade Desk were worth $5,322,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Binnacle Investments Inc bought a new position in shares of Trade Desk in the 3rd quarter valued at $37,000. Albion Financial Group UT bought a new stake in Trade Desk during the 4th quarter worth $30,000. Bayforest Capital Ltd bought a new stake in Trade Desk during the 4th quarter worth $35,000. Quarry LP acquired a new position in Trade Desk in the 4th quarter worth about $37,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Trade Desk by 1,678.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 996 shares of the technology company’s stock worth $38,000 after purchasing an additional 940 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC cut their price target on Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. DA Davidson set a $29.00 price objective on Trade Desk and gave the company a “buy” rating in a research note on Monday, May 11th. Guggenheim dropped their price objective on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. Scotiabank set a $20.00 price objective on shares of Trade Desk in a report on Monday, May 11th. Finally, Truist Financial set a $35.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.50.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.41% of the stock is owned by insiders.

Trade Desk Trading Up 5.7%

Shares of TTD opened at $19.34 on Wednesday. The company has a market capitalization of $9.09 billion, a PE ratio of 21.98, a PEG ratio of 0.89 and a beta of 1.04. The Trade Desk has a 12 month low of $16.70 and a 12 month high of $91.45. The stock’s 50-day moving average price is $19.11 and its two-hundred day moving average price is $23.10.

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

About Trade Desk

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.