Russell Investments Group Ltd. bought a new stake in shares of The Trade Desk Inc. (NASDAQ:TTD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,000 shares of the technology company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTD. Nationwide Fund Advisors grew its position in The Trade Desk by 181.5% during the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after buying an additional 1,824 shares during the period. Strs Ohio grew its position in The Trade Desk by 100.0% during the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock valued at $126,000 after buying an additional 1,700 shares during the period. American International Group Inc. bought a new stake in The Trade Desk during the first quarter valued at approximately $126,000. Quantbot Technologies LP bought a new stake in The Trade Desk during the first quarter valued at approximately $226,000. Finally, Teachers Advisors LLC bought a new stake in The Trade Desk during the fourth quarter valued at approximately $235,000. Institutional investors own 62.80% of the company’s stock.

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Several equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price target (up previously from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of The Trade Desk in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $57.00 price target on shares of The Trade Desk in a report on Friday, June 23rd. Cantor Fitzgerald set a $60.00 price target on shares of The Trade Desk and gave the company a “buy” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research raised shares of The Trade Desk from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, June 21st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Trade Desk presently has an average rating of “Buy” and an average target price of $56.00.

Shares of The Trade Desk Inc. (NASDAQ TTD) traded down 0.05% during trading on Friday, reaching $59.51. 288,585 shares of the company’s stock traded hands. The Trade Desk Inc. has a one year low of $22.01 and a one year high of $62.86. The stock has a market cap of $2.43 billion and a P/E ratio of 54.95. The company has a 50 day moving average price of $60.54 and a 200-day moving average price of $60.54.

The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $68.02 million. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business’s revenue was up 54.2% compared to the same quarter last year. On average, equities research analysts expect that The Trade Desk Inc. will post $1.44 EPS for the current fiscal year.

In other news, insider David Randall Pickles sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $60.89, for a total transaction of $4,262,300.00. Following the sale, the insider now owns 56,499 shares of the company’s stock, valued at approximately $3,440,224.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 4,515 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $53.69, for a total transaction of $242,410.35. Following the sale, the chief executive officer now directly owns 130,885 shares in the company, valued at approximately $7,027,215.65. The disclosure for this sale can be found here. Insiders have sold a total of 344,215 shares of company stock worth $18,563,203 in the last ninety days. Corporate insiders own 26.87% of the company’s stock.

About The Trade Desk

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

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

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