Susquehanna Fundamental Investments LLC Buys 23,739 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Susquehanna Fundamental Investments LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 64.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,839 shares of the technology company’s stock after purchasing an additional 23,739 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Trade Desk were worth $5,942,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TTD. The Manufacturers Life Insurance Company increased its position in Trade Desk by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock valued at $2,387,000 after acquiring an additional 2,593 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at about $3,116,000. Dark Forest Capital Management LP purchased a new stake in shares of Trade Desk during the 2nd quarter valued at about $3,883,000. Daymark Wealth Partners LLC bought a new position in shares of Trade Desk in the 2nd quarter worth approximately $213,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Trade Desk by 197.1% in the second quarter. APG Asset Management N.V. now owns 55,472 shares of the technology company’s stock worth $5,055,000 after buying an additional 36,800 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of TTD opened at $109.45 on Friday. The stock has a market capitalization of $53.80 billion, a PE ratio of 273.63, a P/E/G ratio of 5.33 and a beta of 1.48. The company’s fifty day moving average is $99.96 and its 200 day moving average is $93.99. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $112.22.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same period in the previous year, the firm posted $0.07 EPS. The business’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts forecast that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’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 value of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now owns 664,261 shares in the company, valued at $68,897,150.92. The disclosure for this sale can be found here. Insiders have sold 1,056,669 shares of company stock valued at $113,117,247 over the last ninety days. 10.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on TTD shares. Loop Capital upped their target price on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. Robert W. Baird upped their price objective on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. BTIG Research lifted their target price on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target (up previously from $105.00) on shares of Trade Desk in a report on Friday, August 9th. Finally, Citigroup raised their price objective on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

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.