XTX Topco Ltd Has $2.16 Million Stock Position in The Trade Desk (NASDAQ:TTD)

XTX Topco Ltd lifted its stake in shares of The Trade Desk (NASDAQ:TTD) by 98.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,464 shares of the technology company’s stock after purchasing an additional 19,584 shares during the quarter. XTX Topco Ltd’s holdings in Trade Desk were worth $2,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV bought a new stake in shares of Trade Desk during the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new position in Trade Desk in the fourth quarter valued at about $47,000. BNP Paribas bought a new position in Trade Desk in the fourth quarter valued at about $50,000. Banque Cantonale Vaudoise bought a new position in Trade Desk in the 1st quarter valued at approximately $26,000. Finally, Banque Transatlantique SA acquired a new stake in Trade Desk during the 4th quarter worth approximately $56,000. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI upgraded shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Friday, June 27th. Oppenheimer increased their price objective on Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday. Rosenblatt Securities increased their price objective on Trade Desk from $77.00 to $78.00 and gave the company a “buy” rating in a report on Friday, June 6th. Citigroup restated a “buy” rating on shares of Trade Desk in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus raised their price objective on Trade Desk from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.64.

Trade Desk Trading Up 2.2%

Shares of Trade Desk stock opened at $86.42 on Thursday. The business’s fifty day simple moving average is $74.89 and its 200 day simple moving average is $75.11. The firm has a market capitalization of $42.47 billion, a P/E ratio of 105.39, a price-to-earnings-growth ratio of 3.84 and a beta of 1.36. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. Trade Desk’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. Analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

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.