Gulf International Bank UK Ltd Raises Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Gulf International Bank UK Ltd lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 895.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,680 shares of the technology company’s stock after purchasing an additional 76,177 shares during the quarter. Gulf International Bank UK Ltd’s holdings in The Trade Desk were worth $6,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TTD. Credit Agricole S A raised its holdings in shares of The Trade Desk by 1,334.8% during the second quarter. Credit Agricole S A now owns 330 shares of the technology company’s stock valued at $26,000 after purchasing an additional 307 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in The Trade Desk by 2,233.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 350 shares of the technology company’s stock worth $27,000 after purchasing an additional 335 shares during the period. Sandy Spring Bank grew its position in The Trade Desk by 900.0% in the 2nd quarter. Sandy Spring Bank now owns 340 shares of the technology company’s stock worth $27,000 after purchasing an additional 306 shares during the period. Clearview Wealth Advisors LLC raised its stake in The Trade Desk by 804.8% during the 2nd quarter. Clearview Wealth Advisors LLC now owns 380 shares of the technology company’s stock valued at $29,000 after buying an additional 338 shares during the last quarter. Finally, Hudock Inc. lifted its holdings in shares of The Trade Desk by 291.8% during the 2nd quarter. Hudock Inc. now owns 380 shares of the technology company’s stock valued at $29,000 after buying an additional 283 shares during the period. 59.30% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Eric B. Paley sold 3,634 shares of the company’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $80.30, for a total transaction of $291,810.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,810 shares of the company’s stock in a transaction on Monday, June 21st. The shares were sold at an average price of $61.50, for a total transaction of $541,815.00. The disclosure for this sale can be found here. Insiders sold 53,134 shares of company stock worth $3,705,937 in the last three months. Insiders own 10.72% of the company’s stock.

A number of analysts recently commented on TTD shares. Zacks Investment Research upgraded The Trade Desk from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Wednesday, August 18th. Citigroup upped their price target on shares of The Trade Desk from $60.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, August 17th. Stephens raised their price objective on shares of The Trade Desk from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, August 10th. Susquehanna Bancshares boosted their target price on shares of The Trade Desk from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Tuesday, August 10th. Finally, Evercore ISI upgraded shares of The Trade Desk to an “outperform” rating and boosted their target price for the company from $70.00 to $95.00 in a research report on Thursday, July 8th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.58.

TTD opened at $70.83 on Wednesday. The firm has a market cap of $33.90 billion, a P/E ratio of 132.64, a PEG ratio of 7.66 and a beta of 2.48. The Trade Desk, Inc. has a 1-year low of $41.31 and a 1-year high of $97.28. The company has a 50 day simple moving average of $78.53 and a two-hundred day simple moving average of $74.28.

The Trade Desk (NASDAQ:TTD) last released its earnings results on Monday, August 9th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The Trade Desk had a net margin of 25.44% and a return on equity of 25.01%. The firm had revenue of $279.97 million for the quarter, compared to the consensus estimate of $262.82 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 100.9% compared to the same quarter last year. Equities research analysts expect that The Trade Desk, Inc. will post 0.41 EPS for the current year.

The Trade Desk Profile

The Trade Desk, Inc offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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

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