Creative Planning Acquires 1,781 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Creative Planning grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,215 shares of the technology company’s stock after acquiring an additional 1,781 shares during the quarter. Creative Planning’s holdings in Trade Desk were worth $11,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. acquired a new stake in Trade Desk in the 1st quarter worth $225,710,000. Marshall Wace LLP raised its holdings in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Trade Desk by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Trade Desk by 3,973.6% during the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after purchasing an additional 437,967 shares in the last quarter. Finally, Steadfast Capital Management LP increased its position in shares of Trade Desk by 78.3% during the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock valued at $85,934,000 after purchasing an additional 431,600 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total value of $22,108,000.00. Following the transaction, the chief executive officer now owns 365,180 shares in the company, valued at $40,366,997.20. The disclosure for this sale can be found here. Insiders sold a total of 1,056,669 shares of company stock valued at $113,117,247 over the last three months. Company insiders own 10.18% of the company’s stock.

Trade Desk Stock Down 0.8 %

Shares of TTD stock opened at $108.72 on Wednesday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $112.22. The firm has a market cap of $53.18 billion, a price-to-earnings ratio of 271.80, a PEG ratio of 5.27 and a beta of 1.48. The stock has a 50-day moving average price of $100.15 and a 200 day moving average price of $94.31.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same period in the previous year, the firm posted $0.07 earnings per share. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTD. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday. Moffett Nathanson began coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. Oppenheimer upped their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, BTIG Research boosted their price target on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.43.

About Trade Desk

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.