Mediolanum International Funds Ltd Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Mediolanum International Funds Ltd purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,104 shares of the technology company’s stock, valued at approximately $1,317,000.

Several other large investors have also recently made changes to their positions in TTD. Pinnacle Bancorp Inc. raised its stake in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after acquiring an additional 163 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Trade Desk in the first quarter worth $27,000. Bogart Wealth LLC increased its stake in shares of Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the period. Level Financial Advisors Inc. increased its stake in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTD has been the topic of several analyst reports. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $105.00 in a research note on Thursday, May 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 target price (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Stifel Nicolaus lifted their target price on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Loop Capital lifted their price target on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.69.

Check Out Our Latest Report on TTD

Trade Desk Stock Down 1.7 %

Shares of NASDAQ:TTD traded down $1.70 on Wednesday, hitting $99.82. 4,389,498 shares of the company traded hands, compared to its average volume of 4,166,277. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $102.67. The stock has a 50 day simple moving average of $94.57 and a 200-day simple moving average of $83.64. The company has a market cap of $48.82 billion, a PE ratio of 251.03, a PEG ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. As a group, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 2,600 shares of Trade Desk stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares in the company, valued at approximately $84,165,241.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gokul Rajaram sold 2,415 shares of Trade Desk stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 2,600 shares of Trade Desk stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The disclosure for this sale can be found here. Insiders sold 340,154 shares of company stock worth $31,128,226 over the last three months. 10.18% of the stock is currently owned by corporate insiders.

About Trade Desk

(Free Report)

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.

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