Axxcess Wealth Management LLC Invests $362,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Axxcess Wealth Management LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,026 shares of the technology company’s stock, valued at approximately $362,000.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Trade Desk in the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Trade Desk in the 3rd quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Trade Desk during the 3rd quarter worth approximately $29,000. Level Financial Advisors Inc. raised its stake in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their target price for the company from $95.00 to $105.00 in a research note on Thursday, May 2nd. Stephens reiterated an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. Wells Fargo & Company increased their price target on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. BMO Capital Markets lifted their price objective on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Benchmark boosted their price objective on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders sold a total of 642,170 shares of company stock worth $53,970,398 in the last three months. 10.18% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

NASDAQ:TTD opened at $86.02 on Thursday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $94.00. The company has a market cap of $42.06 billion, a price-to-earnings ratio of 238.94, a PEG ratio of 4.88 and a beta of 1.50. The stock has a fifty day moving average price of $83.98 and a 200-day moving average price of $76.09.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Research analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

About Trade Desk

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.