Aviva PLC Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Aviva PLC grew its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 51.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,135 shares of the technology company's stock after buying an additional 92,110 shares during the quarter. Aviva PLC owned 0.05% of Trade Desk worth $31,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTD. Stifel Financial Corp boosted its stake in Trade Desk by 4.2% in the third quarter. Stifel Financial Corp now owns 346,482 shares of the technology company's stock valued at $37,992,000 after buying an additional 13,936 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Trade Desk by 55.3% in the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company's stock worth $169,892,000 after acquiring an additional 551,925 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Trade Desk by 31.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,602 shares of the technology company's stock valued at $1,196,000 after purchasing an additional 2,806 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of Trade Desk by 4.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 45,633 shares of the technology company's stock valued at $5,004,000 after purchasing an additional 1,898 shares during the last quarter. Finally, Glen Eagle Advisors LLC increased its position in Trade Desk by 65.6% during the 3rd quarter. Glen Eagle Advisors LLC now owns 631 shares of the technology company's stock worth $69,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TTD. Cfra Research raised shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Cantor Fitzgerald reduced their price objective on Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Evercore ISI downgraded Trade Desk from an "outperform" rating to an "inline" rating and dropped their target price for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Robert W. Baird reduced their price target on Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, Scotiabank dropped their price objective on shares of Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $111.79.

Trade Desk Stock Up 0.2 %

TTD stock traded up $0.11 during trading on Friday, reaching $49.38. The stock had a trading volume of 2,444,997 shares, compared to its average volume of 5,128,029. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 63.10, a P/E/G ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The company's 50 day moving average is $69.64 and its two-hundred day moving average is $104.06.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, research analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.72% of the stock is currently owned by 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.