LaFleur & Godfrey LLC reduced its holdings in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 85.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,621 shares of the technology company’s stock after selling 95,082 shares during the period. LaFleur & Godfrey LLC’s holdings in Trade Desk were worth $202,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Trade Desk by 59.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after buying an additional 2,018,525 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Trade Desk by 33.5% in the first quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock worth $103,214,000 after acquiring an additional 1,141,704 shares in the last quarter. Amundi increased its position in shares of Trade Desk by 0.6% during the first quarter. Amundi now owns 3,056,305 shares of the technology company’s stock worth $69,348,000 after acquiring an additional 17,097 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Trade Desk during the second quarter worth $39,750,000. Finally, Quantinno Capital Management LP increased its position in shares of Trade Desk by 330.0% during the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock worth $33,961,000 after acquiring an additional 1,148,680 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.
Trade Desk Stock Up 0.5%
NASDAQ TTD opened at $12.76 on Thursday. The Trade Desk has a 52 week low of $11.62 and a 52 week high of $51.62. The stock has a market capitalization of $6.00 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The firm has a 50 day moving average of $13.13 and a two-hundred day moving average of $20.44.
Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The firm had revenue of $715.06 million during the quarter, compared to analysts’ expectations of $752.41 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that The Trade Desk will post 0.52 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TTD shares. Robert W. Baird set a $9.00 price objective on Trade Desk and gave the company a “neutral” rating in a research note on Friday, August 7th. Wolfe Research reissued an “outperform” rating and set a $16.00 target price on shares of Trade Desk in a research note on Friday, August 7th. Susquehanna downgraded Trade Desk from a “positive” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $14.00 in a report on Friday, August 7th. Truist Financial set a $16.00 price target on Trade Desk and gave the stock a “hold” rating in a report on Friday, August 7th. Finally, BMO Capital Markets lowered Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, Trade Desk has a consensus rating of “Reduce” and a consensus price target of $18.16.
Get Our Latest Report on Trade Desk
Trade Desk Company Profile
The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.
The company’s platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.
Further Reading
- Five stocks we like better than Trade Desk
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD – Free Report).
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.
