Fmr LLC Has $78.96 Million Holdings in The Trade Desk Inc. (TTD)

Fmr LLC grew its stake in The Trade Desk Inc. (NASDAQ:TTD) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,575,792 shares of the technology company’s stock after buying an additional 178,092 shares during the quarter. Fmr LLC owned approximately 3.94% of The Trade Desk worth $78,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Alliancebernstein L.P. increased its position in The Trade Desk by 6.5% in the second quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock worth $100,415,000 after buying an additional 122,774 shares in the last quarter. Vanguard Group Inc. increased its position in The Trade Desk by 79.9% in the second quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after buying an additional 885,916 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in The Trade Desk by 79.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the technology company’s stock worth $59,933,000 after buying an additional 529,645 shares in the last quarter. Janus Capital Management LLC increased its position in The Trade Desk by 817.3% in the first quarter. Janus Capital Management LLC now owns 459,012 shares of the technology company’s stock worth $17,098,000 after buying an additional 408,973 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in The Trade Desk by 27.4% in the first quarter. Gotham Asset Management LLC now owns 302,947 shares of the technology company’s stock worth $11,285,000 after buying an additional 65,157 shares in the last quarter. Institutional investors and hedge funds own 62.80% of the company’s stock.

A number of brokerages have commented on TTD. Macquarie began coverage on The Trade Desk in a research report on Thursday. They issued a “buy” rating and a $78.00 price target for the company. Cantor Fitzgerald restated a “buy” rating and issued a $67.00 price target (up previously from $62.00) on shares of The Trade Desk in a research report on Thursday, October 5th. Needham & Company LLC restated a “buy” rating and issued a $66.00 price target (up previously from $62.00) on shares of The Trade Desk in a research report on Thursday, October 5th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $66.00 price target on shares of The Trade Desk in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 price target on shares of The Trade Desk in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $59.75.

The Trade Desk Inc. (NASDAQ TTD) opened at 65.31 on Friday. The stock has a 50 day moving average price of $60.70 and a 200-day moving average price of $60.70. The company has a market cap of $2.66 billion and a price-to-earnings ratio of 60.30. The Trade Desk Inc. has a 1-year low of $22.00 and a 1-year high of $66.48.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.29. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The business’s quarterly revenue was up 54.2% on a year-over-year basis. On average, equities research analysts forecast that The Trade Desk Inc. will post $1.43 EPS for the current year.

In related news, CFO Paul Ross sold 10,000 shares of The Trade Desk stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $54.16, for a total value of $541,600.00. Following the completion of the transaction, the chief financial officer now owns 47,819 shares in the company, valued at approximately $2,589,877.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $51.05, for a total value of $459,450.00. Following the completion of the transaction, the insider now owns 144,400 shares of the company’s stock, valued at approximately $7,371,620. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,704 shares of company stock valued at $17,504,114. 26.87% of the stock is owned by company insiders.

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About The Trade Desk

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk Inc. (NASDAQ:TTD).

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

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