The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 26.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,317 shares of the technology company’s stock after purchasing an additional 8,721 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Trade Desk were worth $4,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Rialto Wealth Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth about $26,000. Harbor Investment Advisory LLC raised its position in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth about $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth about $34,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer dropped their price target on Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. KeyCorp dropped their price target on Trade Desk from $130.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Finally, DA Davidson dropped their price target on Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $117.10.

Trade Desk Stock Performance

Shares of TTD stock opened at $53.59 on Wednesday. The stock has a fifty day moving average price of $95.03 and a 200 day moving average price of $110.89. The stock has a market cap of $26.59 billion, a PE ratio of 68.71, a P/E/G ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 1 year low of $53.39 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, equities research analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has authorized a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.