Ensign Peak Advisors Inc Has $26.54 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Ensign Peak Advisors Inc reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 36.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 225,801 shares of the technology company’s stock after selling 129,029 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Trade Desk were worth $26,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $26,000. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the period. Synergy Asset Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at approximately $34,000. Midwest Capital Advisors LLC bought a new position in Trade Desk in the 4th quarter worth approximately $34,000. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 18.6 %

Shares of NASDAQ TTD opened at $71.04 on Friday. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a 50-day moving average of $54.62 and a two-hundred day moving average of $95.16. The company has a market cap of $35.24 billion, a PE ratio of 91.08, a P/E/G ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has approved a share buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of research reports. JMP Securities dropped their target price on shares of Trade Desk from $115.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Friday. KeyCorp boosted their price objective on shares of Trade Desk from $67.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley increased their target price on shares of Trade Desk from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday. Benchmark upgraded Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Piper Sandler raised their price objective on Trade Desk from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.88.

Trade Desk Profile

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.