The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Wealth Effects LLC

Wealth Effects LLC lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.2% during the fourth quarter, Holdings Channel reports. The fund owned 58,058 shares of the technology company’s stock after buying an additional 120 shares during the quarter. Trade Desk makes up 2.4% of Wealth Effects LLC’s holdings, making the stock its 9th largest holding. Wealth Effects LLC’s holdings in Trade Desk were worth $6,824,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Harbor Investment Advisory LLC grew its stake 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 purchasing an additional 117 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Trade Desk during the fourth quarter valued at $35,000. Avior Wealth Management LLC increased its holdings in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. Quarry LP acquired a new position in shares of Trade Desk in the second quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $119.10 on Tuesday. The firm has a 50-day simple moving average of $125.87 and a two-hundred day simple moving average of $113.80. The stock has a market cap of $58.78 billion, a PE ratio of 195.25, a P/E/G ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

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 stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 549,684 shares of company stock valued at $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Oppenheimer upped their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial boosted their target price 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. Finally, Royal Bank of Canada raised their price target on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk 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.