43,266 The Trade Desk $TTD Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in The Trade Desk (NASDAQ:TTD) by 82.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,700 shares of the technology company’s stock after acquiring an additional 43,266 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Trade Desk were worth $1,165,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Deane Retirement Strategies Inc. bought a new stake in Trade Desk in the second quarter worth about $2,101,000. First Trust Advisors LP boosted its position in shares of Trade Desk by 32.1% during the first quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company’s stock valued at $32,872,000 after buying an additional 351,771 shares during the period. SEB Asset Management AB bought a new position in shares of Trade Desk during the first quarter valued at approximately $2,007,000. Tidal Investments LLC grew its stake in shares of Trade Desk by 148.0% during the second quarter. Tidal Investments LLC now owns 122,121 shares of the technology company’s stock valued at $2,208,000 after buying an additional 72,888 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Trade Desk by 6.1% during the first quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company’s stock valued at $24,737,000 after buying an additional 62,672 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TTD shares. Wolfe Research reissued an “outperform” rating and set a $16.00 price target on shares of Trade Desk in a research note on Friday, August 7th. Morgan Stanley set a $13.00 price objective on Trade Desk in a report on Monday, August 10th. Moffett Nathanson set a $6.00 price objective on Trade Desk in a research report on Friday, August 7th. Truist Financial set a $16.00 target price on Trade Desk and gave the stock a “hold” rating in a research note on Friday, August 7th. Finally, Raymond James Financial downgraded Trade Desk from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $18.16.

Trade Desk Price Performance

Shares of TTD stock opened at $12.93 on Monday. The company has a market capitalization of $6.08 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.40 and a beta of 0.98. The company’s 50-day simple moving average is $13.06 and its two-hundred day simple moving average is $19.62. The Trade Desk has a one year low of $11.62 and a one year high of $46.00.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts expect that The Trade Desk will post 0.52 EPS for the current fiscal year.

Trade Desk Profile

The Trade Desk, Inc provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display.

The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk serves clients in markets around the world.