Aberdeen Group plc grew its holdings in The Trade Desk (NASDAQ:TTD – Free Report) by 16.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,211 shares of the technology company’s stock after purchasing an additional 10,377 shares during the quarter. Aberdeen Group plc’s holdings in Trade Desk were worth $5,414,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Blue Zone Wealth Advisors LLC grew its position in shares of Trade Desk by 3.6% in the second quarter. Blue Zone Wealth Advisors LLC now owns 81,985 shares of the technology company’s stock valued at $5,902,000 after purchasing an additional 2,816 shares during the last quarter. Blue Trust Inc. grew its position in shares of Trade Desk by 79.9% in the second quarter. Blue Trust Inc. now owns 6,406 shares of the technology company’s stock valued at $461,000 after purchasing an additional 2,846 shares during the last quarter. Moseley Investment Management Inc. acquired a new stake in shares of Trade Desk in the second quarter valued at approximately $202,000. Callan Family Office LLC grew its position in shares of Trade Desk by 258.3% in the second quarter. Callan Family Office LLC now owns 28,814 shares of the technology company’s stock valued at $2,074,000 after purchasing an additional 20,772 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Trade Desk by 1.5% in the second quarter. US Bancorp DE now owns 1,122,810 shares of the technology company’s stock valued at $80,831,000 after purchasing an additional 17,066 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.
Trade Desk Stock Performance
Shares of NASDAQ TTD opened at $49.90 on Friday. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The firm’s 50 day moving average price is $50.74 and its 200 day moving average price is $62.50. The firm has a market cap of $24.40 billion, a P/E ratio of 60.12, a price-to-earnings-growth ratio of 2.73 and a beta of 1.38.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on TTD shares. Rosenblatt Securities reiterated a “buy” rating on shares of Trade Desk in a research report on Friday, August 8th. Bank of America reiterated an “underperform” rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Stifel Nicolaus lowered their price target on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. UBS Group decreased their target price on shares of Trade Desk from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Finally, Wall Street Zen lowered shares of Trade Desk from a “hold” rating to a “sell” rating in a research report on Monday, September 1st. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Hold” and an average price target of $84.48.
Read Our Latest Stock Analysis on Trade Desk
Insider Buying and Selling
In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director owned 5,035 shares of the company’s stock, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.
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.
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