Trade Desk Inc (NASDAQ:TTD) is Zevenbergen Capital Investments LLC’s 6th Largest Position

Zevenbergen Capital Investments LLC lifted its position in Trade Desk Inc (NASDAQ:TTD) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,150 shares of the technology company’s stock after acquiring an additional 33,700 shares during the period. Trade Desk accounts for approximately 5.1% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 6th biggest holding. Zevenbergen Capital Investments LLC’s holdings in Trade Desk were worth $142,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new stake in Trade Desk in the fourth quarter valued at $26,000. Neuburgh Advisers LLC boosted its holdings in Trade Desk by 77.8% in the fourth quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after purchasing an additional 154 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Trade Desk in the first quarter valued at $62,000. Flinton Capital Management LLC boosted its holdings in Trade Desk by 77.8% in the fourth quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after purchasing an additional 238 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Trade Desk by 103.9% in the fourth quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock valued at $66,000 after purchasing an additional 292 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. Nomura reaffirmed a “reduce” rating and issued a $144.00 price target on shares of Trade Desk in a report on Wednesday. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Pivotal Research reaffirmed a “buy” rating and issued a $265.00 price target (up from $255.00) on shares of Trade Desk in a report on Wednesday, June 5th. JMP Securities lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Trade Desk has an average rating of “Buy” and a consensus target price of $190.18.

In related news, Director Thomas Falk sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $250.00, for a total value of $6,250,000.00. Following the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $2,660,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian John Stempeck sold 21,532 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $200.09, for a total transaction of $4,308,337.88. Following the completion of the transaction, the insider now directly owns 42,934 shares in the company, valued at $8,590,664.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,572 shares of company stock worth $32,912,866. Corporate insiders own 17.44% of the company’s stock.

Shares of TTD stock traded up $3.10 during mid-day trading on Thursday, hitting $245.30. 21,977 shares of the stock were exchanged, compared to its average volume of 1,776,988. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. Trade Desk Inc has a 52-week low of $83.66 and a 52-week high of $257.13. The firm has a market cap of $11.10 billion, a P/E ratio of 127.19, a PEG ratio of 6.83 and a beta of 2.88.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.42. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $117.13 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 41.2% on a year-over-year basis. On average, analysts anticipate that Trade Desk Inc will post 1.83 earnings per share for the current fiscal year.

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About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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