Featured Stock Overview: The Trade Desk, Inc. (TTD)

According to the most recent data, The Trade Desk, Inc. has a 52-week high of $67.30 and a 52-week low of $23.18. (NASDAQ:TTD) by 135.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. FMR LLC now owns 1,575,792 shares of the technology company's stock worth $78,963,000 after buying an additional 178,092 shares in the last quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Trade Desk now has an average rating of Buy and an average target price of $67.07. FMR LLC now owns 1,397,700 shares of the technology company's stock worth $52,064,000 after purchasing an additional 1,345,900 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in The Trade Desk by 79.5% during the 2nd quarter. The company's price to sales ratio for trailing twelve months is 3.61 and price to book ratio for most recent quarter is 1.85, whereas price to cash per share for the most recent quarter is 2.62. Janus Capital Management LLC now owns 459,012 shares of the technology company's stock worth $17,098,000 after buying an additional 408,973 shares in the last quarter. Alps Advisors Inc. now owns 11,617 shares of the technology company's stock valued at $582,000 after acquiring an additional 30 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in shares of The Trade Desk during the 2nd quarter valued at about $6,194,000. However, the institutional investors are observed to own 93.50% of the total shares.

Analysts have given a mean recommendation of 3.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Royal Bank Of Canada restated an "outperform" rating and set a $65.00 price objective (up from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.70 as current ratio and on the opponent side the debt to equity ratio was 5.21 and long-term debt to equity ratio also remained 5.16.

WARNING: This piece of content was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and worldwide copyright and trademark law. The legal version of this piece can be read at https://www.truebluetribune.com/2017/11/14/nationwide-fund-advisors-raises-position-in-the-trade-desk-inc-ttd.html. The Trade Desk Inc. has a 12-month low of $24.80 and a 12-month high of $67.30. (NASDAQ:TTD) moved down -5.08% to close at $48.40. LLC grew its position in The Trade Desk by 109.6% during the second quarter. (TTD) has the market capitalization of $2.06 Billion. The company has Beta Value of 0 and ATR value of 3.09.

The company reported its EPS on 9/29/2017. The business had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The Trade Desk's quarterly revenue was up 49.8% compared to the same quarter past year.

For the current quarter, 8 analysts are projecting a mean EPS of $0.43/share.

In other news, insider David Randall Pickles sold 75,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $53.66, for a total transaction of $670,750.00. Following the completion of the transaction, the insider now directly owns 127,736 shares of the company's stock, valued at approximately $6,375,303.76. In a transaction dated October 25, 2017, the shares were put up for sale at an average price of $63.33, raking in a sum of $234,638. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 230,894 shares of company stock worth $13,222,997 in the last ninety days. After a recent check, it is observed that the insiders for the firm now own 1.20% shares.

The Trade Desk, Inc is a technology company. The company through self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV.

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