The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 86.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,534 shares of the technology company's stock after purchasing an additional 14,635 shares during the period. Fifth Third Bancorp's holdings in Trade Desk were worth $3,706,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC lifted its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after acquiring an additional 117 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk in the fourth quarter worth $35,000. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after acquiring an additional 100 shares during the period. Quarry LP acquired a new stake in shares of Trade Desk in the second quarter worth $41,000. Finally, Brown Lisle Cummings Inc. increased its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 150 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,982 shares of company stock worth $68,954,147 over the last ninety days. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Performance

NASDAQ TTD traded down $0.26 during trading hours on Friday, hitting $118.68. The company had a trading volume of 3,099,201 shares, compared to its average volume of 3,457,460. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The company has a market cap of $58.58 billion, a PE ratio of 194.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.45. The business has a 50 day moving average of $125.70 and a 200-day moving average of $114.05.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million for the quarter, compared to analysts' expectations of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the company earned $0.08 earnings per share. Sell-side analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TTD. Loop Capital raised their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Royal Bank of Canada raised their target price on Trade Desk from $136.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. JMP Securities began coverage on Trade Desk in a research report on Tuesday, January 21st. They set a "mkt outperform" rating and a $150.00 target price on the stock. Benchmark restated a "sell" rating and set a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. Finally, Truist Financial raised their target price on Trade Desk from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $133.13.

Trade Desk Company 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.