Russell Investments Group Ltd. Has $59.18 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Russell Investments Group Ltd. increased its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 499,602 shares of the technology company's stock after buying an additional 226,773 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Trade Desk worth $59,175,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TTD. Stifel Financial Corp grew its position in shares of Trade Desk by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 346,482 shares of the technology company's stock worth $37,992,000 after acquiring an additional 13,936 shares in the last quarter. Wellington Management Group LLP increased its stake in Trade Desk by 55.3% during the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company's stock valued at $169,892,000 after purchasing an additional 551,925 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Trade Desk by 31.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,602 shares of the technology company's stock worth $1,196,000 after purchasing an additional 2,806 shares during the period. iA Global Asset Management Inc. lifted its position in shares of Trade Desk by 4.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 45,633 shares of the technology company's stock worth $5,004,000 after buying an additional 1,898 shares during the last quarter. Finally, Glen Eagle Advisors LLC boosted its stake in Trade Desk by 65.6% in the third quarter. Glen Eagle Advisors LLC now owns 631 shares of the technology company's stock valued at $69,000 after acquiring an additional 250 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TTD has been the subject of several analyst reports. Wolfe Research boosted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Oppenheimer reduced their target price on shares of Trade Desk from $135.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. DA Davidson dropped their price target on shares of Trade Desk from $134.00 to $103.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Evercore ISI downgraded Trade Desk from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $135.00 to $90.00 in a research report on Thursday, February 13th. Finally, Wedbush increased their price objective on Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $111.79.

Trade Desk Price Performance

TTD traded up $0.51 during midday trading on Friday, hitting $49.78. 7,135,822 shares of the company's stock traded hands, compared to its average volume of 5,155,756. The company has a market cap of $24.70 billion, a PE ratio of 63.82, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The stock's fifty day simple moving average is $68.37 and its 200-day simple moving average is $103.64.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.