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OneAscent Financial Services LLC has invested $211,000 in The Trade Desk, Inc. (NASDAQ:TTD)

OneAscent Financial Services LLC has invested $211,000 in The Trade Desk, Inc. (NASDAQ:TTD)

OneAscent Financial Services LLC reportedly completed the acquisition of The Trade Desk, Inc. (NASDAQ: TTD) during the third quarter, as stated in the company’s most recent filing with the Securities and Exchange Commission (SEC). The purchase of 3,534 shares in the technology company cost the institutional investor a total of close to $212,000 to complete the transaction.

In recent weeks, TTD has also been affected by several other institutional investors and hedge funds. These investors have been active. During the second quarter, Price T. Rowe Associates Inc. (MD) achieved a 24.0% increase in the proportion of Trade Desk shares it owned. Price T. Rowe Associates Inc. (MD) now has a total of 26,139,359 shares of the stock of the technology business. This gives the holdings a value of $1,094,978 after the company bought an additional 5,052,749 shares during the most recent quarter. The amount of Trade Desk stock owned by Jennison Associates LLC increased by 11.5% during the third quarter due to the company’s continued expansion. Jennison Associates LLC now has 14,797,740 shares held by the technology company after the acquisition of 1,521,990 additional shares during the most recent fiscal quarter.

There is a value of $884,165,000 attached to these shares. Allianz Asset Management GmbH increased the proportion of the Trade Desk it owns by 24.6% during the year’s second quarter. Trade Desk is a subsidiary of Allianz Asset Management GmbH. Allianz Asset Management GmbH now owns 6,828,601 shares of the technology company’s stock, which are currently valued at $286,051,000 following the acquisition of an additional 1,346,293 shares during the preceding quarter. Renaissance Technologies LLC’s ownership of Trade Desk increased by 62.2% during the second quarter compared to the previous quarter. After acquiring an additional 673,700 shares during the most recent quarter, Renaissance Technologies LLC now has a total count of 1,756,100 shares held by the technology company. These shares have an estimated value of $73,563,000 at present.

Last but not least, during the first three months of this year, First Trust Advisors LP saw a 336.2 percent increase in the share of the Trade Desk that it owned. There are currently 643,929 shares of the technology company’s stock held by First Trust Advisors LP. The stock has a market value of $44,592,000. Following the acquisition of an additional 496,322 shares of the company’s stock during the preceding quarter, this development has arisen. Institutional investors and hedge funds collectively own 67.04% of the total number of shares in the company, making up the majority of the shareholders.

At the market’s opening on Wednesday, the price of a share of TTD was $47.07 per unit. Due to the company’s high market value of $23.04 billion, a low price-to-earnings ratio of -2,353.50, a high price-to-earnings-to-growth ratio of 3.84, and a high beta value of 1.78, investing in the company is a high-risk proposition. During the previous year, the price of The Trade Desk, Inc. ranged from $39.00 to $86.88 at its lowest point, with $86.88 representing its highest point. When looking at the level that corresponds to the past 50 days, the price of the stock is $47.38, and when looking at the level that corresponds to the past 200 days, the price of the stock is $53.06.

Trade Desk (NASDAQ: TTD) announced the publication of its quarterly financial results on November 9, a Wednesday. Earnings per share for the quarter came in at $0.03 for the technology company, which was $0.05 less than what was predicted on average, which was $0.06. Earnings per share for the quarter came in at $0.03, which was $0.05 less than predicted on average, which was $0.06. According to the projections of several different analysts, the company’s revenue for the upcoming quarter is expected to fall somewhere between $386.29 million to $394.77 million. Trade Desk’s return on equity and net margin were negative, putting the company in the red. The return on equity and the net margin was negative, coming in at -0.57%. According to the forecasts provided by research analysts, The Trade Desk, Inc. will reportedly generate earnings of $0.23 per share during the current fiscal year.

Several industry analysts have penned recent reports on TTD’s shares. The most recent events are discussed in these papers. Morgan Stanley gave the company an “equal weight” rating in a research report released on Thursday, November 10, and lowered their target price for Trade Desk shares from $60.00 to $55.00. In addition, the study revealed that the organization had given the company an “equal weight” rating. The more pessimistic outlook of the company was reflected in the fact that Trust Financial lowered their price objective for Trade Desk from $100 to $74, detailed in a report that was made public on November 10. New Street Research kicked off its coverage of trade desks with the publication of its first report on the topic on January 4, marking the beginning of its research. They have provided the company with a rating of “neutral” and have established a price objective of $43.00 for the stock. Citigroup’s first day of reporting on the Trade Desk was on Tuesday, December 13, marking the beginning of the company’s participation. They suggested that investors “buy” the stock and projected its price to be $60.00 at the time of purchase. In a research report that was made public on November 10, the Royal Bank of Canada downgraded Trade Desk from an “outperform” rating to a “neutral” rating and decreased its price target from $80.00 to $75.00. Twelve research experts have recommended to investors that they buy the company’s shares, while only six have recommended that investors keep their shares. According to Bloomberg, the stock is currently rated with a “Moderate Buy” as the average rating, and the price objective for the stock has been determined to be $67.29.

Trade Desk, Inc. is a corporation specializing in technical services and has operations in the United States and other countries. The company runs a cloud-based platform that gives buyers the ability to create, manage, and optimize data-driven digital advertising campaigns across a variety of ad formats and channels, such as display, video, audio, native, and social, on various devices, such as personal computers, mobile devices, and connected televisions. This ability is provided across various ad formats and channels, including display, video, audio, native, and social.

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