The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Raised by KBC Group NV

KBC Group NV lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 97.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 223,507 shares of the technology company’s stock after buying an additional 110,410 shares during the quarter. KBC Group NV’s holdings in Trade Desk were worth $26,269,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Trade Desk by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock worth $2,387,000 after acquiring an additional 2,593 shares in the last quarter. Algert Global LLC lifted its holdings in Trade Desk by 22.5% in the 2nd quarter. Algert Global LLC now owns 4,893 shares of the technology company’s stock worth $478,000 after purchasing an additional 900 shares during the last quarter. Creative Planning boosted its position in Trade Desk by 1.5% during the second quarter. Creative Planning now owns 117,215 shares of the technology company’s stock worth $11,448,000 after purchasing an additional 1,781 shares during the period. NewEdge Advisors LLC grew its holdings in Trade Desk by 52.7% during the second quarter. NewEdge Advisors LLC now owns 25,166 shares of the technology company’s stock valued at $2,458,000 after purchasing an additional 8,681 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Trade Desk by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,481 shares of the technology company’s stock valued at $2,293,000 after purchasing an additional 3,791 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 549,684 shares of company stock worth $68,444,576. 9.72% of the stock is currently owned by company insiders.

Trade Desk Stock Up 1.2 %

TTD stock opened at $120.56 on Wednesday. The business has a fifty day moving average of $125.89 and a 200-day moving average of $113.95. The company has a market cap of $59.50 billion, a P/E ratio of 197.64, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same period in the prior year, the firm posted $0.08 EPS. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on TTD shares. Truist Financial upped their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. BMO Capital Markets raised their price target on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Oppenheimer boosted their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada upped their price target on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Company 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.