Nebula Research & Development LLC Purchases Shares of 6,626 The Trade Desk, Inc. (NASDAQ:TTD)

Nebula Research & Development LLC acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,626 shares of the technology company’s stock, valued at approximately $779,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in shares of Trade Desk in the fourth quarter valued at about $26,000. Harbor Investment Advisory LLC increased its holdings in Trade Desk by 68.8% during the 4th 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. Midwest Capital Advisors LLC bought a new position in Trade Desk during the 4th quarter valued at approximately $34,000. Zions Bancorporation N.A. lifted its holdings in 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 buying an additional 175 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $35,000. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Trade Desk from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Loop Capital lowered their price objective on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Truist Financial reduced their target price on Trade Desk from $130.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Cfra Research upgraded Trade Desk to a “moderate buy” rating in a report on Tuesday, March 25th. Finally, Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.34.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 1.3 %

Shares of Trade Desk stock opened at $53.97 on Monday. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 69.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The company’s 50 day moving average is $57.70 and its 200 day moving average is $99.27. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last released 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%. Sell-side analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors 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.