Wealth Alliance Purchases 929 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Wealth Alliance increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 5.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,742 shares of the technology company’s stock after acquiring an additional 929 shares during the quarter. Wealth Alliance’s holdings in Trade Desk were worth $1,349,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TTD. Norges Bank purchased a new position in Trade Desk in the 4th quarter worth about $100,508,000. ARK Investment Management LLC increased its stake in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after buying an additional 1,979,319 shares during the period. Eagle Asset Management Inc. bought a new position in Trade Desk during the 3rd quarter worth about $99,035,000. T. Rowe Price Investment Management Inc. grew its holdings in Trade Desk by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock worth $599,275,000 after acquiring an additional 1,239,936 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Trade Desk by 74.2% during the 1st quarter. Bank of America Corp DE now owns 2,853,174 shares of the technology company’s stock worth $173,787,000 after acquiring an additional 1,215,662 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 1.4 %

TTD stock opened at $82.13 on Wednesday. The firm has a 50 day moving average of $82.43 and a 200 day moving average of $75.60. The stock has a market capitalization of $40.16 billion, a PE ratio of 228.15, a price-to-earnings-growth ratio of 4.46 and a beta of 1.50. The Trade Desk, Inc. has a 52 week low of $59.36 and a 52 week high of $94.00.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. On average, equities research analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Benchmark increased their target price on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. KeyCorp increased their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Stifel Nicolaus increased their target price on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Stephens reiterated an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. Finally, BMO Capital Markets raised their price target on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 66,007 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the completion of the transaction, the chief executive officer now directly owns 1,051,622 shares of the company’s stock, valued at approximately $91,890,730.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now directly owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 66,007 shares of Trade Desk stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the transaction, the chief executive officer now directly owns 1,051,622 shares of the company’s stock, valued at $91,890,730.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,570 shares of company stock valued at $41,025,732. 10.81% of the stock is owned by 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.