Compagnie Lombard Odier SCmA Increases Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Compagnie Lombard Odier SCmA raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,123 shares of the technology company’s stock after acquiring an additional 123 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Trade Desk were worth $233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TTD. Vanguard Group Inc. increased its stake in Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after buying an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. grew its position in shares of Trade Desk by 4.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after buying an additional 100,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Trade Desk by 3.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock worth $165,937,000 after acquiring an additional 59,161 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 1.9 %

Shares of Trade Desk stock opened at $117.90 on Monday. The company has a 50-day moving average of $104.17 and a two-hundred day moving average of $96.20. The stock has a market cap of $57.96 billion, a PE ratio of 235.80, a price-to-earnings-growth ratio of 5.57 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $118.34.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, sell-side analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TTD shares. Susquehanna raised their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Bank of America assumed coverage on Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target on the stock. Truist Financial increased their price objective on Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Loop Capital upped their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.05.

Insider Activity at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, the director now directly owns 32,701 shares in the company, valued at $3,216,797.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jeffrey Terry Green sold 80,649 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the sale, the chief executive officer now owns 7,330 shares in the company, valued at approximately $846,615. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,897 shares of company stock valued at $170,095,115. Insiders own 9.72% 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.