The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 543,456 shares of the technology company's stock after purchasing an additional 15,513 shares during the quarter. Trade Desk comprises about 1.7% of Chicago Capital LLC's holdings, making the stock its 27th biggest holding. Chicago Capital LLC owned approximately 0.11% of Trade Desk worth $59,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTD. Blue Trust Inc. raised its position in Trade Desk by 364.9% in the third quarter. Blue Trust Inc. now owns 6,169 shares of the technology company's stock valued at $676,000 after purchasing an additional 4,842 shares during the period. Secure Asset Management LLC acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $222,000. Bleakley Financial Group LLC raised its holdings in Trade Desk by 1.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 29,933 shares of the technology company's stock valued at $3,282,000 after buying an additional 445 shares during the period. Optimum Investment Advisors lifted its position in Trade Desk by 3.7% in the third quarter. Optimum Investment Advisors now owns 13,870 shares of the technology company's stock valued at $1,521,000 after buying an additional 500 shares during the last quarter. Finally, Paragon Capital Management Inc. purchased a new position in Trade Desk during the third quarter worth about $811,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of TTD stock traded up $1.13 during mid-day trading on Friday, hitting $118.76. 2,627,551 shares of the stock were exchanged, compared to its average volume of 2,299,142. The stock has a market capitalization of $58.38 billion, a price-to-earnings ratio of 237.52, a P/E/G ratio of 5.72 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $119.43. The stock's fifty day simple moving average is $107.16 and its two-hundred day simple moving average is $97.28.

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

Analyst Upgrades and Downgrades

TTD has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Citigroup lifted their price objective on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley boosted their price objective on Trade Desk from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 23rd. Finally, StockNews.com raised Trade Desk from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $112.97.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the sale, the chief executive officer now owns 664,261 shares of the company's stock, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares of the company's stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Laura Schenkein sold 25,000 shares of the firm's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the transaction, the chief financial officer now owns 693,953 shares of the company's stock, valued at $80,102,994.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,897 shares of company stock worth $170,095,115. 9.72% of the stock is owned by insiders.

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.