Parallel Advisors LLC Buys 150 Shares of Trade Desk Inc (NASDAQ:TTD)

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Parallel Advisors LLC raised its stake in shares of Trade Desk Inc (NASDAQ:TTD) by 1,071.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 164 shares of the technology company’s stock after purchasing an additional 150 shares during the quarter. Parallel Advisors LLC’s holdings in Trade Desk were worth $37,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its stake in Trade Desk by 213.1% in the second quarter. Flagship Harbor Advisors LLC now owns 191 shares of the technology company’s stock valued at $43,000 after acquiring an additional 130 shares during the period. Empowered Funds LLC acquired a new position in shares of Trade Desk during the first quarter worth approximately $1,476,000. Pennsylvania Trust Co acquired a new position in Trade Desk in the first quarter valued at approximately $349,000. Mckinley Capital Management LLC Delaware lifted its holdings in Trade Desk by 8,343.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 19,252 shares of the technology company’s stock valued at $3,811,000 after buying an additional 19,024 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Trade Desk by 59.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,304 shares of the technology company’s stock valued at $654,000 after buying an additional 1,230 shares during the period. Institutional investors own 68.86% of the company’s stock.

Shares of TTD stock traded down $4.65 during trading hours on Wednesday, hitting $241.46. 4,462 shares of the company were exchanged, compared to its average volume of 1,768,145. The business has a 50 day moving average of $253.36 and a two-hundred day moving average of $217.43. 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 52 week low of $102.35 and a 52 week high of $289.51. The company has a market capitalization of $11.08 billion, a PE ratio of 126.39, a PEG ratio of 4.89 and a beta of 2.72.

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

In other Trade Desk news, insider Susan Vobejda sold 875 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $199.87, for a total value of $174,886.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Paul Ross sold 2,682 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $279.30, for a total transaction of $749,082.60. Following the completion of the transaction, the chief financial officer now directly owns 37,784 shares in the company, valued at $10,553,071.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 533,472 shares of company stock worth $135,933,493. Insiders own 17.44% of the company’s stock.

Several equities analysts recently weighed in on TTD shares. TheStreet lowered shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Oppenheimer increased their price objective on shares of Trade Desk from $210.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Royal Bank of Canada upped their target price on shares of Trade Desk to $250.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Citigroup downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating and upped their target price for the company from $205.00 to $250.00 in a research note on Wednesday, July 24th. Finally, SunTrust Banks upped their target price on shares of Trade Desk from $206.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $225.67.

About Trade Desk

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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