BlackRock Fund Advisors has recently announced that it has increased stake in Trade Desk Inc (NASDAQ:TTD) by 0.83%. After grabbing 16.88 million shares, the institutional investor is now in possession of 0.14 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.78% having worth around $1.19 billion. Moreover, JPMorgan Investment Management, I increased its share by 0.56 million to have a control over 16.72 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.28 million shares by acquiring 9.14 million shares or 2.05% of the stake.
Trade Desk Inc (TTD) concluded trading on December 20, 2023 at a closing price of $75.47, with 4.32 million shares of worth about $326.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.73% during that period and On Wednesday the price saw a loss of about -2.81%. Currently the company’s common shares owned by public are about 446.46M shares, out of which, 441.60M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 133 times over the past 12 months. They bought 1,869,581 shares in 28 of the transactions. In 105 selling transactions, insiders dumped 2,190,009 shares.
Vanguard Total Stock Market ETF, Vanguard Mid Cap Index Fund, and Vanguard US Growth Fund are the top 3 mutual funds which are holding stakes in Trade Desk Inc Vanguard Total Stock Market ETF is currently holding 13.96 million shares of worth totaling $983.59 million. The company recently came buying 71058.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard Mid Cap Index Fund bought 33158.0 shares, after which its hold over company’s outstanding shares expand to 2.19%, leaving 9.78 million shares with the mutual fund that have a worth of about $689.26 million. Vanguard US Growth Fund, after selling 8.92 million shares, have now control over 2.00% of the stake in the company. It holds -0.68 million shares of worth $628.79 million.
However, the stock later moved at a day high price of 78.34, or with a loss of -2.81%. Stock saw a price change of 1.97% in past 5 days and over the past one month there was a price change of 12.16%. Year-to-date (YTD), TTD shares are showing a performance of 68.35% which increased to 71.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.20 but also hit the highest price of $91.85 during that period. The average intraday trading volume for Trade Desk Inc shares is 4.94 million. The stock is currently trading 6.55% above its 20-day simple moving average (SMA20), while that difference is up 3.90% for SMA50 and it goes to 4.09% higher than SMA200.
BlackRock Fund Advisors acquired 16.88 million shares of Trade Desk Inc having value of about $1.19 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.14 million shares in the company valued at close to $10534253.54, or have control over 0.83% stake in the company. Trade Desk Inc (NASDAQ: TTD) currently have 446.46M outstanding shares and institutions hold larger chunk of about 68.41% of that. Holding of mutual funds in the company is about 29.52% while other institutional holders and individual stake holders have control over 45.83% and 2.34% of the stake respectively.
The stock has a current market capitalization of $37.00B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 247.20, while it has posted earnings per share of $0.31 in the same period. Its PEG reads 10.30 and has Quick Ratio of 1.87 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTD, volatility over the week remained 3.18% while standing at 3.08% over the month.
Analysts are in expectations that Trade Desk Inc (TTD) stock would likely to be making an EPS of $0.42 in the current quarter, while forecast for next quarter EPS is $0.18 and it is $1.42 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 21.85% while it is estimated to increase by 12.36% in next year. EPS is likely to grow at an annualized rate of 24.00% for next 5-years, compared to annual growth of -1.47% made by the stock over the past 5-years.
