The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 158.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,199 shares of the technology company’s stock after purchasing an additional 3,801 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Trade Desk were worth $729,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. NEOS Investment Management LLC increased its position in shares of Trade Desk by 20.1% in the fourth quarter. NEOS Investment Management LLC now owns 31,486 shares of the technology company’s stock valued at $3,701,000 after buying an additional 5,259 shares in the last quarter. Sava Infond d.o.o. purchased a new stake in Trade Desk in the 4th quarter valued at about $82,000. Elo Mutual Pension Insurance Co increased its position in Trade Desk by 10.6% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 43,477 shares of the technology company’s stock worth $5,110,000 after purchasing an additional 4,177 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Trade Desk during the 4th quarter worth $1,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Trade Desk by 8.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 391,068 shares of the technology company’s stock worth $47,648,000 after acquiring an additional 31,645 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock valued at $5,004,296 in the last three months. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 2.5 %

NASDAQ TTD opened at $55.85 on Friday. The company has a market cap of $27.71 billion, a PE ratio of 71.60, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 1 year low of $53.39 and a 1 year high of $141.53. The stock’s 50-day moving average price is $85.01 and its two-hundred day moving average price is $108.31.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) 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%. Research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

TTD has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a research report on Thursday, March 13th. Wedbush lifted 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. Cantor Fitzgerald dropped their target price on shares of Trade Desk from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Citigroup dropped their price target on Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, KeyCorp dropped their price objective on shares of Trade Desk from $130.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $116.41.

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.