EFG Asset Management Americas Corp. Has $4.06 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

EFG Asset Management Americas Corp. increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 63.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,613 shares of the technology company’s stock after purchasing an additional 16,200 shares during the period. EFG Asset Management Americas Corp.’s holdings in Trade Desk were worth $4,064,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its position in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares in the last quarter. Riverview Trust Co bought a new position in shares of Trade Desk in the first quarter valued at approximately $27,000. Bogart Wealth LLC grew its position in Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the 2nd quarter valued at $30,000. Finally, Jones Financial Companies Lllp raised its position in Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

NASDAQ:TTD traded down $3.23 on Friday, hitting $100.31. 3,847,254 shares of the company’s stock were exchanged, compared to its average volume of 3,246,430. The company has a market cap of $49.31 billion, a P/E ratio of 250.78, a price-to-earnings-growth ratio of 5.14 and a beta of 1.48. The firm has a 50-day moving average price of $97.62 and a 200-day moving average price of $91.43. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $105.39.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm 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 business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’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 directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares in the company, valued at $3,216,797.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 642,868 shares of company stock valued at $65,415,112. 10.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTD. BTIG Research raised their target price on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Truist Financial boosted their target price on shares of Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Susquehanna increased their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Wolfe Research started coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. Finally, Bank of America assumed coverage on Trade Desk in a report on Wednesday. They set a “buy” rating and a $135.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.85.

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.