Royal Bank of Canada increased its position in Trade Desk Inc (NASDAQ:TTD) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,462 shares of the technology company’s stock after acquiring an additional 7,819 shares during the period. Royal Bank of Canada owned approximately 0.18% of Trade Desk worth $16,302,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Trade Desk by 1.2% in the 1st quarter. State Street Corp now owns 510,909 shares of the technology company’s stock worth $98,605,000 after acquiring an additional 5,877 shares during the period. First Hawaiian Bank increased its holdings in shares of Trade Desk by 17.4% in the 1st quarter. First Hawaiian Bank now owns 1,594 shares of the technology company’s stock worth $308,000 after acquiring an additional 236 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Trade Desk by 37.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,981 shares of the technology company’s stock worth $5,207,000 after acquiring an additional 7,318 shares during the period. Commerce Bank increased its stake in Trade Desk by 28.0% during the 1st quarter. Commerce Bank now owns 1,501 shares of the technology company’s stock valued at $289,000 after buying an additional 328 shares during the period. Finally, CI Investments Inc. acquired a new position in Trade Desk during the 4th quarter valued at about $16,223,000. 69.43% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on TTD shares. Rosenblatt Securities raised their target price on shares of Trade Desk from $171.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Zacks Investment Research raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $333.00 target price on the stock in a research note on Saturday, May 16th. ValuEngine raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Stephens lowered their target price on shares of Trade Desk from $310.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Finally, Nomura Securities raised their target price on shares of Trade Desk from $175.00 to $208.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $289.07.

Shares of TTD opened at $407.03 on Friday. Trade Desk Inc has a one year low of $136.00 and a one year high of $421.06. The company has a 50-day moving average of $336.53 and a two-hundred day moving average of $274.35. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 160.25, a PEG ratio of 8.44 and a beta of 2.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.96 and a quick ratio of 1.96.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.09 by $0.81. The company had revenue of $160.70 million during the quarter, compared to analysts’ expectations of $158.10 million. Trade Desk had a net margin of 17.44% and a return on equity of 20.65%. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Analysts anticipate that Trade Desk Inc will post 1.94 earnings per share for the current year.

In other news, insider Vivian Yang sold 3,405 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $205.00, for a total value of $698,025.00. Following the completion of the sale, the insider now directly owns 29,998 shares of the company’s stock, valued at $6,149,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Falk sold 11,906 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $300.28, for a total transaction of $3,575,133.68. Following the completion of the sale, the director now directly owns 10,640 shares of the company’s stock, valued at $3,194,979.20. The disclosure for this sale can be found here. Insiders sold 337,524 shares of company stock valued at $103,655,005 over the last three months. 13.12% of the stock is owned by insiders.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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