Stratos Wealth Partners LTD. grew its stake in The Trade Desk (NASDAQ:TTD – Free Report) by 42.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,048 shares of the technology company’s stock after purchasing an additional 2,409 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Trade Desk were worth $579,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Cornerstone Wealth Group LLC raised its position in shares of Trade Desk by 2.8% in the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock valued at $321,000 after purchasing an additional 122 shares during the period. Mutual Advisors LLC increased its position in Trade Desk by 3.5% during the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after acquiring an additional 142 shares during the period. Ashton Thomas Securities LLC increased its position in Trade Desk by 2.6% during the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock worth $315,000 after acquiring an additional 144 shares during the period. Tradition Wealth Management LLC increased its position in Trade Desk by 2.4% during the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock worth $347,000 after acquiring an additional 150 shares during the period. Finally, HighMark Wealth Management LLC increased its position in Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after acquiring an additional 151 shares during the period. 67.77% of the stock is owned by institutional investors.
Trade Desk Trading Up 0.4%
TTD opened at $54.13 on Friday. The company’s 50 day moving average is $50.71 and its 200-day moving average is $62.56. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a market cap of $26.47 billion, a P/E ratio of 65.22, a PEG ratio of 2.88 and a beta of 1.38.
Insider Buying and Selling
In other news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on TTD shares. Bank of America reaffirmed an “underperform” rating and set a $55.00 price target (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. HSBC reaffirmed a “hold” rating and set a $56.00 price target on shares of Trade Desk in a research report on Monday, August 11th. Zacks Research lowered shares of Trade Desk from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. UBS Group decreased their target price on shares of Trade Desk from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, Rosenblatt Securities reissued a “buy” rating on shares of Trade Desk in a report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.48.
View Our Latest Stock Analysis on TTD
Trade Desk 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.
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