Aware Super Pty Ltd as trustee of Aware Super Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 61,420 shares of the technology company's stock, valued at approximately $7,219,000.

Several other institutional investors have also made changes to their positions in the business. Advisory Resource Group boosted its holdings in Trade Desk by 1.0% during the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 101 shares in the last quarter. Anchor Investment Management LLC grew its position in Trade Desk by 357.9% in the third quarter. Anchor Investment Management LLC now owns 870 shares of the technology company's stock valued at $95,000 after acquiring an additional 680 shares during the period. Sanctuary Advisors LLC raised its stake in Trade Desk by 9.3% during the third quarter. Sanctuary Advisors LLC now owns 47,165 shares of the technology company's stock worth $5,172,000 after acquiring an additional 4,018 shares in the last quarter. World Investment Advisors LLC raised its stake in Trade Desk by 10.0% during the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company's stock worth $970,000 after acquiring an additional 803 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Trade Desk during the third quarter valued at $1,194,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD stock traded up $1.81 during trading hours on Friday, reaching $50.26. The company had a trading volume of 13,946,560 shares, compared to its average volume of 5,277,375. The business has a fifty day simple moving average of $61.52 and a 200-day simple moving average of $101.61. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 64.44, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56.

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

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TTD. Evercore ISI cut shares of Trade Desk from an "outperform" rating to an "inline" rating and dropped their target price for the stock from $135.00 to $90.00 in a research report on Thursday, February 13th. Wedbush increased their target price on Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Scotiabank lowered their price target 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. Finally, DA Davidson decreased their price objective on Trade Desk from $134.00 to $103.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.10.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.72% of the company's stock.

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.