Stephens Inc. AR Acquires 1,284 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Stephens Inc. AR lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,228 shares of the technology company’s stock after acquiring an additional 1,284 shares during the period. Stephens Inc. AR’s holdings in Trade Desk were worth $1,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. acquired a new position in Trade Desk during the 3rd quarter valued at about $213,000. Creative Planning boosted its holdings in Trade Desk by 10.6% during the third quarter. Creative Planning now owns 129,599 shares of the technology company’s stock worth $14,211,000 after purchasing an additional 12,384 shares during the last quarter. Swedbank AB grew its position in Trade Desk by 22.6% in the 3rd quarter. Swedbank AB now owns 288,041 shares of the technology company’s stock worth $31,584,000 after purchasing an additional 53,130 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Trade Desk by 12.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock valued at $1,211,000 after buying an additional 1,193 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Trade Desk during the 3rd quarter worth approximately $263,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The stock was 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 directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 in the last quarter. 9.72% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Shares of TTD stock opened at $122.23 on Thursday. The company has a market cap of $60.33 billion, a P/E ratio of 200.38, a PEG ratio of 3.63 and a beta of 1.45. The stock’s 50-day moving average is $123.20 and its 200 day moving average is $115.54. The Trade Desk, Inc. has a 1-year low of $71.11 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer upped their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company increased their target price on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Evercore ISI increased their price objective on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, DA Davidson boosted their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.20.

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.