Swiss National Bank Boosts Stake in Trade Desk Inc (NASDAQ:TTD)

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Swiss National Bank raised its holdings in Trade Desk Inc (NASDAQ:TTD) by 13.8% during the second quarter, Holdings Channel.com reports. The firm owned 67,700 shares of the technology company’s stock after purchasing an additional 8,200 shares during the period. Swiss National Bank’s holdings in Trade Desk were worth $15,421,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TTD. TCW Group Inc. raised its position in Trade Desk by 552.5% in the first quarter. TCW Group Inc. now owns 201,198 shares of the technology company’s stock valued at $39,827,000 after purchasing an additional 170,361 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in Trade Desk by 785.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 122,040 shares of the technology company’s stock valued at $27,798,000 after purchasing an additional 108,250 shares during the period. OppenheimerFunds Inc. raised its position in Trade Desk by 32.2% in the first quarter. OppenheimerFunds Inc. now owns 358,878 shares of the technology company’s stock valued at $71,040,000 after purchasing an additional 87,361 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in Trade Desk in the second quarter valued at $18,892,000. Finally, JPMorgan Chase & Co. raised its position in Trade Desk by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 1,290,372 shares of the technology company’s stock valued at $255,429,000 after purchasing an additional 80,447 shares during the period. Institutional investors own 68.86% of the company’s stock.

TTD stock opened at $246.43 on Friday. The business’s fifty day moving average price is $252.65 and its 200 day moving average price is $215.47. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. Trade Desk Inc has a 12-month low of $102.35 and a 12-month high of $289.51. The company has a market capitalization of $11.70 billion, a PE ratio of 128.35, a P/E/G ratio of 5.16 and a beta of 2.72.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.51. Trade Desk had a return on equity of 23.63% and a net margin of 17.44%. The company had revenue of $159.90 million for the quarter, compared to the consensus estimate of $155.26 million. During the same quarter in the prior year, the business earned $0.60 EPS. Trade Desk’s revenue was up 42.4% on a year-over-year basis. Research analysts predict that Trade Desk Inc will post 1.83 EPS for the current fiscal year.

In other Trade Desk news, CEO Jeffrey Terry Green sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $203.07, for a total transaction of $2,030,700.00. Following the sale, the chief executive officer now owns 103,392 shares in the company, valued at approximately $20,995,813.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian John Stempeck sold 20,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $262.56, for a total value of $5,251,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 245,472 shares of company stock worth $61,551,733. 17.44% of the stock is owned by company insiders.

A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on Trade Desk to $250.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Pivotal Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Trade Desk in a report on Thursday, August 8th. Raymond James downgraded Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price objective on the stock. in a report on Friday, August 9th. Finally, JMP Securities downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $225.67.

Trade Desk Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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