The Trade Desk $TTD Shares Bought by Investment House LLC

Investment House LLC grew its position in The Trade Desk (NASDAQ:TTD) by 297.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,012 shares of the technology company’s stock after acquiring an additional 67,349 shares during the quarter. Investment House LLC’s holdings in Trade Desk were worth $6,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk in the 2nd quarter worth about $28,000. Transce3nd LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at about $28,000. West Oak Capital LLC boosted its holdings in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after buying an additional 350 shares during the period. Finally, HighMark Wealth Management LLC grew its position in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after buying an additional 151 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

NASDAQ:TTD opened at $39.22 on Thursday. The Trade Desk has a 1 year low of $38.22 and a 1 year high of $136.42. The business has a fifty day moving average of $46.06 and a 200-day moving average of $58.77. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.96 and a beta of 1.07.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, equities research analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on TTD. Morgan Stanley cut shares of Trade Desk from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $80.00 to $50.00 in a report on Wednesday, September 10th. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Trade Desk in a report on Monday. Susquehanna reduced their price objective on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Finally, Rosenblatt Securities cut their target price on Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average price target of $76.88.

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.