Susquehanna Fundamental Investments LLC Purchases Shares of 40,705 The Trade Desk, Inc. (NASDAQ:TTD)

Susquehanna Fundamental Investments LLC acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, Holdings Channel reports. The fund acquired 40,705 shares of the technology company’s stock, valued at approximately $4,784,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company’s stock valued at $5,015,035,000 after buying an additional 253,137 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Trade Desk by 2.6% during the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company’s stock valued at $930,477,000 after buying an additional 198,822 shares in the last quarter. Norges Bank purchased a new stake in shares of Trade Desk during the 4th quarter valued at approximately $524,187,000. FMR LLC boosted its holdings in shares of Trade Desk by 44.8% in the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company’s stock worth $445,237,000 after acquiring an additional 1,172,082 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Trade Desk by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company’s stock worth $396,696,000 after purchasing an additional 99,634 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTD shares. JMP Securities reduced their target price on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Wedbush lifted their price target on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Oppenheimer cut their price target on shares of Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. BMO Capital Markets dropped their price objective on Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on shares of Trade Desk from $101.00 to $72.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $100.47.

Trade Desk Trading Up 0.8 %

NASDAQ TTD opened at $54.40 on Tuesday. The stock has a market capitalization of $26.99 billion, a price-to-earnings ratio of 69.74, a PEG ratio of 3.11 and a beta of 1.56. The stock has a 50-day moving average of $57.26 and a 200 day moving average of $98.83. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Equities analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.