BNP Paribas Financial Markets Has $53.64 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

BNP Paribas Financial Markets raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 133.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 613,622 shares of the technology company’s stock after acquiring an additional 350,495 shares during the period. BNP Paribas Financial Markets owned about 0.13% of Trade Desk worth $53,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its position in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the last quarter. Riverview Trust Co bought a new position in Trade Desk in the first quarter valued at about $27,000. Bogart Wealth LLC grew its position in Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares during the last quarter. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $0.43 during trading on Friday, reaching $99.90. 2,439,167 shares of the stock were exchanged, compared to its average volume of 2,994,377. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $100.29. The stock has a fifty day moving average of $93.90 and a two-hundred day moving average of $83.19. The firm has a market cap of $48.86 billion, a price-to-earnings ratio of 249.76, a price-to-earnings-growth ratio of 5.09 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The company had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Sell-side analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, May 9th. Royal Bank of Canada boosted their price target on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Piper Sandler restated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a report on Tuesday, June 11th. Truist Financial restated a “buy” rating and set a $105.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Finally, DA Davidson boosted their price target on Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.69.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares in the company, valued at $69,605,138.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders have sold 340,154 shares of company stock valued at $31,128,226 over the last ninety days. 10.18% of the stock is owned by company insiders.

About Trade Desk

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.