Advisory Services Network LLC Boosts Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Advisory Services Network LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,993 shares of the technology company’s stock after purchasing an additional 2,613 shares during the quarter. Advisory Services Network LLC’s holdings in Trade Desk were worth $7,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC raised its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the period. Synergy Asset Management LLC purchased a new stake in Trade Desk during the fourth quarter valued at approximately $34,000. Midwest Capital Advisors LLC bought a new stake in shares of Trade Desk in the 4th quarter valued at approximately $34,000. Finally, Zions Bancorporation N.A. boosted its holdings in shares of Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.72% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Trade Desk stock opened at $45.27 on Wednesday. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The business has a fifty day moving average price of $73.60 and a 200-day moving average price of $105.22. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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%. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Susquehanna lowered their price target on Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 13th. Citigroup lowered their target price on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Scotiabank cut their price target on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. BMO Capital Markets decreased their price objective on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Citizens Jmp raised Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.38.

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.