Y.D. More Investments Ltd, a prominent investment firm, has significantly increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) during the second quarter, according to recently disclosed information from the Securities & Exchange Commission. The company’s holdings now consist of 4,093 shares of Trade Desk’s stock, representing a substantial increase of 95.6% as they acquired an additional 2,000 shares during this period. At the end of the second quarter reporting period, Y.D. More Investments Ltd’s holdings in Trade Desk were valued at approximately $316,000.
Trade Desk recently released its quarterly earnings data on August 9th. For the quarter, the technology company reported earnings per share (EPS) of $0.07, falling short of analysts’ consensus forecasts by ($0.01). Despite this setback, Trade Desk still managed to maintain a net margin of 7.46% and a return on equity of 6.43%. Additionally, the company generated revenue amounting to $464.25 million for the quarter, exceeding analysts’ expectations which were set at $455.21 million.
Research analysts have projected that The Trade Desk will achieve an earnings per share figure of 0.48 for the current year on average.
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In conclusion:
Y.D More Investments Ltd has significantly expanded its stake in The Trade Desk during the second quarter. Despite missing analysts’ EPS expectations for this quarter, Trade Desk has shown consistent revenue generation and maintained respectable margins and returns on equity.
For investors who wish to delve further into The Trade Desk’s performance and potential investment opportunities it may present in the market, our latest research report offers detailed analysis and expert insights.
AllianceBernstein Holding L.P.
AB
Buy
Updated on: 19/09/2023
Healthy 
Trade Desk, Inc. Attracts Institutional Investors and Analyst Attention with Impressive Market Moves
Trade Desk, Inc. has been making notable moves in the market, attracting the attention of institutional investors and hedge funds. MetLife Investment Management LLC recently acquired a new position in the company during the first quarter of this year, valued at approximately $1.9 million. Synovus Financial Corp also increased its stake in Trade Desk by 32.8%, now owning over 8,000 shares worth around $561,000.
Vontobel Holding Ltd. saw a 43% increase in their stake in Trade Desk during the same period. They now hold over 14,000 shares valued at $1 million. Aviva PLC and National Pension Service also joined in on the action, boosting their positions by 8.5% and 11.2% respectively.
These moves by institutional investors and hedge funds certainly raise eyebrows as they collectively own approximately 68% of Trade Desk’s stock. It signifies a high level of interest and confidence in the technology company’s future prospects.
As for Trade Desk’s stock performance, it opened at $80.71 on Tuesday with a 50-day moving average of $82.04 and a 200-day moving average of $71.67. The company has experienced substantial growth over the past year, with a 52-week low of $39.43 and a high of $91.85.
In recent news regarding insider trading, Jay R.Grant sold over 1,400 shares of Trade Desk stock at an average price of $75.03 per share on August 23rd, totaling over $107,000 worth of transactions. Director Gokul Rajaram also sold close to 3,000 shares on August 16th at an average price of $73.74 per share.
These insider transactions are required to be disclosed to the Securities & Exchange Commission (SEC) and can be accessed through public records via the provided hyperlink.
Considering all insider sales over the past three months, a total of 147,627 shares have been sold by insiders, valued at over $12.5 million. These transactions suggest that company insiders own approximately 10.81% of Trade Desk’s stock.
Research firms have also provided their assessment of Trade Desk, with Wells Fargo & Company raising their price objective on the stock from $82.00 to $100.00 and giving it an “overweight” rating. Citigroup has given it a “buy” rating with a target price ranging from $86.00 to $96.00.
While some research firms have assigned a “sell” rating to Trade Desk, the consensus among analysts is still leaning towards a positive outlook for the technology company.
Trade Desk has certainly captured the attention of investors and analysts alike, as its rapid growth and increase in institutional ownership make it a promising player in the market. The technology company’s ability to maintain its trajectory will be something worth keeping an eye on in the future.
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