Stephens Inc. AR Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Stephens Inc. AR increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 48.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,944 shares of the technology company’s stock after purchasing an additional 2,588 shares during the period. Stephens Inc. AR’s holdings in Trade Desk were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new stake in Trade Desk during the second quarter valued at $37,000. Quarry LP purchased a new position in Trade Desk in the second quarter valued at $41,000. Brown Lisle Cummings Inc. raised its position 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 period. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

TTD stock opened at $119.94 on Wednesday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $123.85. The firm has a market cap of $58.96 billion, a PE ratio of 239.48, a PEG ratio of 5.73 and a beta of 1.47. The firm’s 50 day moving average price is $111.06 and its 200-day moving average price is $99.98.

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

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the transaction, the chief executive officer now owns 7,330 shares of the company’s stock, valued at approximately $846,615. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock valued at $170,121,565 over the last 90 days. 9.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TTD. Macquarie lifted their price target on Trade Desk from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. BTIG Research upped their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Robert W. Baird upped their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Wolfe Research assumed coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $115.60.

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.