Evergreen Wealth Management LLC Has $954,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Evergreen Wealth Management LLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,115 shares of the technology company’s stock after purchasing an additional 438 shares during the period. Evergreen Wealth Management LLC’s holdings in Trade Desk were worth $954,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Ithaka Group LLC increased its holdings in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Nordea Investment Management AB grew its holdings in Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares during the last quarter. Assetmark Inc. grew its holdings in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TTD shares. BMO Capital Markets reduced their price objective on Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday. Benchmark reiterated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. UBS Group upped their price target on Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus decreased their target price on Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.97.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 2.1 %

NASDAQ TTD opened at $80.16 on Monday. The firm has a market capitalization of $39.56 billion, a price-to-earnings ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $73.68 and a 52 week high of $141.53. The company has a fifty day moving average of $120.93 and a two-hundred day moving average of $115.58.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Trade Desk announced that its board has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are 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.