American Financial Advisors LLC Invests $235,000 in The Trade Desk, Inc. (NASDAQ:TTD)

American Financial Advisors LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,000 shares of the technology company’s stock, valued at approximately $235,000.

A number of other large investors have also added to or reduced their stakes in TTD. Harbor Investment Advisory LLC lifted its holdings 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 during the period. Exchange Traded Concepts LLC bought a new stake in Trade Desk during the fourth quarter worth $35,000. Synergy Asset Management LLC bought a new stake in Trade Desk during the fourth quarter worth $34,000. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings 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 buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD stock opened at $80.16 on Friday. The Trade Desk, Inc. has a fifty-two week low of $73.68 and a fifty-two week high of $141.53. The stock has a 50 day simple moving average of $120.93 and a two-hundred day simple moving average of $115.40. The company has a market cap of $39.56 billion, a P/E ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45.

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

Trade Desk declared that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

TTD has been the topic of several research analyst reports. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. DA Davidson cut their target price on shares of Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday. Wolfe Research upped their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Loop Capital raised their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $119.77.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. Company insiders own 9.72% of the company’s stock.

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.