The Trade Desk $TTD Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in shares of The Trade Desk (NASDAQ:TTD) by 82.5% during the 3rd quarter, Holdings Channel reports. The fund owned 95,700 shares of the technology company’s stock after buying an additional 43,266 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Trade Desk were worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after purchasing an additional 2,018,525 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Trade Desk by 33.5% during the first quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock valued at $103,214,000 after purchasing an additional 1,141,704 shares in the last quarter. Amundi boosted its stake in shares of Trade Desk by 0.6% during the first quarter. Amundi now owns 3,056,305 shares of the technology company’s stock valued at $69,348,000 after purchasing an additional 17,097 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Trade Desk during the second quarter valued at approximately $39,750,000. Finally, Quantinno Capital Management LP increased its holdings in Trade Desk by 330.0% during the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after buying an additional 1,148,680 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $12.93 on Monday. The company’s 50-day simple moving average is $13.06 and its 200-day simple moving average is $19.62. The Trade Desk has a fifty-two week low of $11.62 and a fifty-two week high of $46.00. The stock has a market capitalization of $6.08 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.40 and a beta of 0.98.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. The firm had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. During the same quarter last year, the firm earned $0.41 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast that The Trade Desk will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent research reports. Wolfe Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Trade Desk in a research note on Friday, August 7th. Wells Fargo & Company set a $12.00 target price on Trade Desk and gave the company an “equal weight” rating in a research report on Friday, August 7th. Guggenheim reiterated a “neutral” rating and issued a $13.00 price target (up from $12.00) on shares of Trade Desk in a report on Friday, September 18th. Truist Financial set a $16.00 price target on Trade Desk and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Evercore set a $14.00 price target on Trade Desk in a research report on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $18.16.

Trade Desk Profile

The Trade Desk, Inc provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display.

The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk serves clients in markets around the world.