Los Angeles Capital Management LLC Buys 187,143 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Los Angeles Capital Management LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 54.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 532,487 shares of the technology company's stock after acquiring an additional 187,143 shares during the quarter. Los Angeles Capital Management LLC owned about 0.11% of Trade Desk worth $58,387,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the second quarter worth $37,000. Quarry LP bought a new stake in shares of Trade Desk in the second quarter valued at about $41,000. Brown Lisle Cummings Inc. grew 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 valued at $41,000 after acquiring an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after acquiring an additional 247 shares during the period. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

Shares of TTD stock traded down $7.40 on Friday, hitting $125.13. The company had a trading volume of 13,646,214 shares, compared to its average volume of 2,901,071. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $132.65. The firm has a market cap of $61.51 billion, a P/E ratio of 205.13, a P/E/G ratio of 6.02 and a beta of 1.47. The stock's 50-day moving average is $112.83 and its two-hundred day moving average is $101.14.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 13.34% and a return on equity of 13.73%. The firm had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. During the same quarter last year, the business earned $0.07 EPS. The company's revenue was up 25.9% compared to the same quarter last year. Equities research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In other news, CFO Laura Schenkein sold 3,130 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company's stock, valued at $68,930,351.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Samantha Jacobson sold 4,872 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Laura Schenkein sold 3,130 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the sale, the chief financial officer now owns 693,953 shares of the company's stock, valued at approximately $68,930,351.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,121,565 over the last quarter. Insiders own 9.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TTD shares. Truist Financial increased their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday. Wedbush increased their price target on Trade Desk from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday. Robert W. Baird lifted their price objective on Trade Desk from $130.00 to $140.00 and gave the company an "outperform" rating in a report on Friday. New Street Research lowered Trade Desk from a "neutral" rating to a "sell" rating and set a $86.00 target price on the stock. in a report on Tuesday, October 29th. Finally, StockNews.com raised Trade Desk from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and an average price target of $120.69.

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.