Azzad Asset Management Inc. ADV Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Azzad Asset Management Inc. ADV increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,542 shares of the technology company’s stock after acquiring an additional 296 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Trade Desk were worth $5,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Trade Desk by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after buying an additional 6,978,352 shares during the last quarter. Norges Bank purchased a new position in shares of Trade Desk during the 4th quarter valued at about $255,316,000. Goldman Sachs Group Inc. raised its stake in shares of Trade Desk by 10.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after buying an additional 209,222 shares during the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after buying an additional 1,979,319 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Citigroup raised their target price on Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Stifel Nicolaus raised their target price on Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. DA Davidson raised their target price on Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Wedbush began coverage on Trade Desk in a research report on Monday, June 17th. They set an “outperform” rating and a $110.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Trade Desk Stock Up 1.6 %

TTD traded up $1.59 during trading on Wednesday, reaching $99.93. The company’s stock had a trading volume of 1,164,025 shares, compared to its average volume of 4,186,476. The firm has a fifty day simple moving average of $92.96 and a two-hundred day simple moving average of $82.79. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $100.25. The company has a market cap of $48.88 billion, a price-to-earnings ratio of 245.86, a PEG ratio of 5.00 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity

In other news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares in the company, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,154 shares of company stock valued at $31,128,226. 10.18% of the stock is currently owned by company insiders.

Trade Desk 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.