Primecap Management Co. CA Has $36.54 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Primecap Management Co. CA cut its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 29.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 374,100 shares of the technology company's stock after selling 158,900 shares during the period. Primecap Management Co. CA owned 0.08% of Trade Desk worth $36,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company's stock worth $26,000 after buying an additional 163 shares during the period. Riverview Trust Co purchased a new stake in Trade Desk during the 1st quarter worth $27,000. Bogart Wealth LLC increased its holdings in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company's stock valued at $29,000 after purchasing an additional 222 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Trade Desk in the second quarter valued at about $30,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company's stock worth $33,000 after purchasing an additional 418 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 2.1 %

TTD stock traded up $2.18 during mid-day trading on Wednesday, reaching $108.02. The company had a trading volume of 3,780,133 shares, compared to its average volume of 2,378,538. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $109.50. The stock has a market capitalization of $53.10 billion, a P/E ratio of 270.06, a P/E/G ratio of 5.07 and a beta of 1.48. The stock's 50-day simple moving average is $98.15 and its two-hundred day simple moving average is $92.51.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. During the same period in the previous year, the business posted $0.07 EPS. Trade Desk's revenue was up 25.9% on a year-over-year basis. On average, research analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Royal Bank of Canada upped their target price on shares of Trade Desk from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. KeyCorp upped their price objective on shares of Trade Desk from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. StockNews.com raised Trade Desk from a "hold" rating to a "buy" rating in a research report on Monday. Robert W. Baird increased their price target on Trade Desk from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Finally, BTIG Research lifted their price objective on Trade Desk from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $109.05.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company's stock, valued at $39,682,694.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jeffrey Terry Green sold 283,429 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the business's stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now directly owns 188,236 shares in the company, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders have sold a total of 599,163 shares of company stock worth $61,246,529 in the last three months. 10.18% of the stock is owned by company insiders.

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.