The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,963 shares of the technology company’s stock after buying an additional 8,163 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Trade Desk were worth $8,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TTD. Apella Capital LLC increased its holdings in shares of Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares during the period. RFP Financial Group LLC grew its position in Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after buying an additional 116 shares during the last quarter. Diversify Advisory Services LLC grew its position in Trade Desk by 4.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock valued at $297,000 after buying an additional 127 shares during the last quarter. Brookstone Capital Management grew its position in Trade Desk by 3.0% in the 2nd quarter. Brookstone Capital Management now owns 4,612 shares of the technology company’s stock valued at $439,000 after buying an additional 135 shares during the last quarter. Finally, Csenge Advisory Group grew its position in Trade Desk by 1.8% in the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 price objective (up from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Friday, August 9th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Benchmark boosted their target price on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $105.00 in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $107.72.

Insiders Place Their Bets

In related news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 642,868 shares of company stock worth $65,415,112. 10.18% of the stock is owned by corporate insiders.

Trade Desk Trading Up 0.4 %

Shares of TTD stock traded up $0.41 on Friday, reaching $103.92. The company’s stock had a trading volume of 642,701 shares, compared to its average volume of 4,061,899. The stock’s fifty day simple moving average is $97.01 and its 200-day simple moving average is $90.45. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $105.39. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 258.78, a price-to-earnings-growth ratio of 5.27 and a beta of 1.48.

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

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.