Swiss National Bank purchased a new stake in The Trade Desk Inc. (NASDAQ:TTD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,800 shares of the technology company’s stock, valued at approximately $2,145,000. Swiss National Bank owned approximately 0.11% of The Trade Desk at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in The Trade Desk by 2,598.3% in the first quarter. FMR LLC now owns 1,397,700 shares of the technology company’s stock valued at $52,064,000 after acquiring an additional 1,345,900 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of The Trade Desk by 149.9% during the first quarter. Vanguard Group Inc. now owns 1,109,222 shares of the technology company’s stock worth $41,319,000 after purchasing an additional 665,330 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of The Trade Desk by 79.5% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the technology company’s stock worth $59,933,000 after purchasing an additional 529,645 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of The Trade Desk by 817.3% during the first quarter. Janus Capital Management LLC now owns 459,012 shares of the technology company’s stock worth $17,098,000 after purchasing an additional 408,973 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of The Trade Desk during the first quarter worth $10,512,000. 62.80% of the stock is owned by institutional investors and hedge funds.

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In related news, CEO Jeffrey Terry Green sold 7,689 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total value of $475,949.10. Following the completion of the sale, the chief executive officer now directly owns 109,711 shares in the company, valued at $6,791,110.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert David Perdue sold 12,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $60.29, for a total value of $753,625.00. Following the completion of the sale, the chief operating officer now owns 86,109 shares of the company’s stock, valued at $5,191,511.61. The disclosure for this sale can be found here. Insiders have sold a total of 315,704 shares of company stock valued at $17,504,114 over the last quarter. Corporate insiders own 26.87% of the company’s stock.

A number of equities research analysts recently commented on the stock. Macquarie assumed coverage on shares of The Trade Desk in a report on Thursday. They set an “outperform” rating and a $78.00 price objective on the stock. Zacks Investment Research lowered shares of The Trade Desk from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price objective on shares of The Trade Desk in a report on Monday, October 2nd. JMP Securities assumed coverage on shares of The Trade Desk in a report on Monday, October 2nd. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, Cantor Fitzgerald restated a “buy” rating and set a $67.00 price objective (up from $62.00) on shares of The Trade Desk in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Trade Desk currently has a consensus rating of “Buy” and an average target price of $59.75.

The Trade Desk Inc. (NASDAQ:TTD) traded up 1.84% on Friday, hitting $66.51. 634,966 shares of the stock traded hands. The stock has a 50 day moving average of $60.93 and a 200 day moving average of $60.93. The firm has a market capitalization of $2.71 billion and a PE ratio of 61.41. The Trade Desk Inc. has a 52 week low of $22.01 and a 52 week high of $67.30.

The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.29. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The business had revenue of $72.80 million during the quarter, compared to the consensus estimate of $68.02 million. The Trade Desk’s revenue was up 54.2% compared to the same quarter last year. Equities research analysts anticipate that The Trade Desk Inc. will post $1.43 earnings per share for the current year.

The Trade Desk Profile

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

Institutional Ownership by Quarter for The Trade Desk (NASDAQ:TTD)

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