TradeLink Capital LLC bought a new position in Trade Desk Inc (NASDAQ:TTD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,000 shares of the technology company’s stock, valued at approximately $228,000. Trade Desk comprises 3.4% of TradeLink Capital LLC’s portfolio, making the stock its 6th largest position.
Other hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its stake in Trade Desk by 213.1% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 191 shares of the technology company’s stock worth $43,000 after acquiring an additional 130 shares during the last quarter. Covenant Asset Management LLC acquired a new stake in Trade Desk during the 1st quarter worth about $3,145,000. Empowered Funds LLC acquired a new stake in Trade Desk during the 1st quarter worth about $1,476,000. Pennsylvania Trust Co acquired a new stake in Trade Desk during the 1st quarter worth about $349,000. Finally, Mckinley Capital Management LLC Delaware grew its position in Trade Desk by 8,343.9% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 19,252 shares of the technology company’s stock worth $3,811,000 after purchasing an additional 19,024 shares during the period. Institutional investors own 67.44% of the company’s stock.
Shares of NASDAQ:TTD traded down $16.10 during trading on Monday, reaching $255.84. 1,663,391 shares of the company’s stock traded hands, compared to its average volume of 1,455,238. Trade Desk Inc has a fifty-two week low of $102.35 and a fifty-two week high of $289.51. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 133.25, a PEG ratio of 7.49 and a beta of 2.72. The stock has a 50-day simple moving average of $246.28.
Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.51. Trade Desk had a return on equity of 25.24% and a net margin of 17.44%. The firm had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $155.26 million. During the same period last year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 42.4% on a year-over-year basis. As a group, research analysts predict that Trade Desk Inc will post 1.83 earnings per share for the current fiscal year.
In related news, Director Thomas Falk sold 25,000 shares of Trade Desk stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $250.00, for a total value of $6,250,000.00. Following the sale, the director now directly owns 10,640 shares in the company, valued at approximately $2,660,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Randall Pickles sold 10,000 shares of Trade Desk stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $202.08, for a total value of $2,020,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,833 shares of company stock worth $33,746,371. 17.44% of the stock is currently owned by insiders.
TTD has been the topic of several analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $300.00 price target on shares of Trade Desk in a research report on Thursday. JMP Securities downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Citigroup downgraded Trade Desk from a “buy” rating to a “neutral” rating and increased their price target for the stock from $205.00 to $250.00 in a research report on Wednesday, July 24th. BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Susquehanna Bancshares increased their price target on Trade Desk from $205.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $225.67.
Trade Desk Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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