85,220 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 85,220 shares of the technology company’s stock, valued at approximately $10,016,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk during the fourth quarter worth about $25,000. Alpine Global Management LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $454,000. Fourth Dimension Wealth LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $56,000. Vise Technologies Inc. raised its holdings in Trade Desk by 63.5% in the 4th quarter. Vise Technologies Inc. now owns 3,436 shares of the technology company’s stock valued at $404,000 after acquiring an additional 1,334 shares during the last quarter. Finally, JT Stratford LLC purchased a new position in shares of Trade Desk during the 4th quarter worth $246,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group dropped their target price on Trade Desk from $116.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Morgan Stanley upped their price objective on shares of Trade Desk from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Truist Financial raised their target price on shares of Trade Desk from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Susquehanna lowered their target price on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target on shares of Trade Desk in a research note on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $97.12.

Insider Activity

In other Trade Desk news, 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 transaction of $2,287,603.44. Following the completion of the sale, the director now owns 66,985 shares in the company, valued at $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer now directly owns 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

Trade Desk Stock Down 0.6%

TTD stock opened at $73.89 on Friday. The stock’s 50 day moving average is $58.08 and its two-hundred day moving average is $92.35. The Trade Desk, Inc. has a 52-week low of $42.96 and a 52-week high of $141.53. The company has a market capitalization of $36.66 billion, a PE ratio of 94.73, a P/E/G ratio of 3.11 and a beta of 1.29.

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

Trade Desk announced that its board has authorized a stock repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.