The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 4,333.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,980 shares of the technology company’s stock after purchasing an additional 7,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Trade Desk were worth $698,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Global Assets Advisory LLC acquired a new position in shares of Trade Desk in the 1st quarter worth approximately $2,626,000. Franklin Resources Inc. increased its stake in Trade Desk by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after buying an additional 53,441 shares during the period. Nordea Investment Management AB increased its stake in Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after buying an additional 70,201 shares during the period. Asset Management One Co. Ltd. increased its stake in Trade Desk by 30.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock worth $21,078,000 after buying an additional 67,520 shares during the period. Finally, Raymond James & Associates increased its stake in Trade Desk by 12.8% during the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after buying an additional 28,714 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 1.1 %

NASDAQ:TTD traded up $1.08 during trading hours on Tuesday, reaching $101.52. 811,586 shares of the company’s stock were exchanged, compared to its average volume of 4,098,413. The firm has a market capitalization of $49.66 billion, a price-to-earnings ratio of 251.08, a P/E/G ratio of 4.92 and a beta of 1.48. The company has a 50-day moving average of $96.44 and a 200 day moving average of $85.33. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $102.67.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. Research analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. Stifel Nicolaus upped their target price on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. Oppenheimer upped their target price on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday. Finally, Loop Capital increased their price objective on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.72.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the sale, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders sold a total of 362,554 shares of company stock worth $33,414,310 in the last 90 days. Company insiders own 10.18% of the company’s stock.

Trade Desk 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.