The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,263 shares of the technology company’s stock after acquiring an additional 1,613 shares during the period. Kestra Private Wealth Services LLC’s holdings in Trade Desk were worth $1,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC grew its holdings in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the period. Synergy Asset Management LLC purchased a new position in Trade Desk in the fourth quarter valued at about $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at approximately $35,000. Avior Wealth Management LLC increased its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TTD. Truist Financial raised their price target on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. KeyCorp raised their target price on shares of Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday. BTIG Research boosted their price target on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price objective on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company upped their target price on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.20.

Trade Desk Stock Up 1.7 %

Trade Desk stock opened at $122.23 on Thursday. The stock has a market cap of $60.33 billion, a price-to-earnings ratio of 200.38, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $71.11 and a 12-month high of $141.53. The business’s 50-day simple moving average is $123.20 and its 200 day simple moving average is $115.54.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Trade Desk declared that its board has initiated a share buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 in the last three months. 9.72% of the stock is owned by corporate insiders.

Trade Desk Company 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.