The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 11.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,943 shares of the technology company’s stock after acquiring an additional 53,587 shares during the period. Trade Desk makes up about 1.5% of Chicago Capital LLC’s portfolio, making the stock its 27th biggest holding. Chicago Capital LLC owned about 0.11% of Trade Desk worth $51,564,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Apella Capital LLC raised its holdings in shares of Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the last quarter. RFP Financial Group LLC lifted its holdings in shares of 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 period. Diversify Advisory Services LLC boosted its stake in shares of Trade Desk by 4.5% in the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after buying an additional 127 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in shares of Trade Desk by 3.2% in the second quarter. Mayflower Financial Advisors LLC now owns 4,187 shares of the technology company’s stock worth $409,000 after buying an additional 129 shares during the last quarter. Finally, Brookstone Capital Management raised its position in Trade Desk by 3.0% during the second quarter. Brookstone Capital Management now owns 4,612 shares of the technology company’s stock valued at $439,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the topic of a number of analyst reports. Cantor Fitzgerald assumed coverage on shares of Trade Desk in a research note on Thursday. They set a “neutral” rating and a $110.00 price objective on the stock. Truist Financial lifted their price objective on shares of Trade Desk from $105.00 to $108.00 and gave the company a “buy” rating in a report on Friday, August 9th. Morgan Stanley increased their target price on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Wolfe Research began coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Macquarie reiterated an “outperform” rating and set a $115.00 price target on shares of Trade Desk in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $108.85.

Trade Desk Price Performance

Shares of TTD traded down $3.23 during mid-day trading on Friday, reaching $100.31. The stock had a trading volume of 3,847,254 shares, compared to its average volume of 3,246,430. The business’s fifty day moving average is $97.62 and its 200 day moving average is $91.43. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $105.39. The firm has a market cap of $49.31 billion, a price-to-earnings ratio of 250.78, a P/E/G ratio of 5.14 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for 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 for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. As a group, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated 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 directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Trade Desk news, 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 transaction of $13,778,500.28. Following the transaction, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 642,868 shares of company stock worth $65,415,112. 10.18% of the stock is currently owned by company insiders.

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.