Canada Pension Plan Investment Board Has $34.13 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Canada Pension Plan Investment Board raised its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 374.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,418 shares of the technology company's stock after acquiring an additional 229,196 shares during the quarter. Canada Pension Plan Investment Board owned 0.06% of Trade Desk worth $34,133,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Focus Financial Network Inc. grew its stake in Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock worth $456,000 after buying an additional 84 shares during the last quarter. RMR Wealth Builders lifted its position in Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock valued at $1,247,000 after purchasing an additional 89 shares during the last quarter. Quotient Wealth Partners LLC boosted its stake in Trade Desk by 4.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock valued at $276,000 after purchasing an additional 94 shares during the period. TFB Advisors LLC grew its position in Trade Desk by 2.6% in the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock worth $442,000 after purchasing an additional 94 shares during the last quarter. Finally, Centurion Wealth Management LLC raised its holdings in shares of Trade Desk by 2.6% during the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock valued at $443,000 after buying an additional 96 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction dated 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 directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.72% of the company's stock.

Trade Desk Stock Up 6.4 %

TTD stock traded up $3.19 during mid-day trading on Thursday, reaching $53.27. 6,745,903 shares of the stock traded hands, compared to its average volume of 5,355,818. The firm has a market capitalization of $26.43 billion, a PE ratio of 68.29, a P/E/G ratio of 3.11 and a beta of 1.56. The business has a 50-day moving average of $58.76 and a two-hundred day moving average of $100.32. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results 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 net margin of 16.08% and a return on equity of 16.38%. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTD shares. DA Davidson reduced their price target on Trade Desk from $134.00 to $103.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Loop Capital dropped their target price on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. BMO Capital Markets reduced their price objective on Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada reduced their target price on Trade Desk from $120.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Finally, Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and cut their price target for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $102.90.

Trade Desk 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.