Commonwealth Equity Services LLC Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Commonwealth Equity Services LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 224,029 shares of the technology company’s stock after purchasing an additional 4,035 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Trade Desk were worth $21,881,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its position in Trade Desk by 8.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,093 shares of the technology company’s stock valued at $223,000 after acquiring an additional 242 shares during the last quarter. Fisher Asset Management LLC bought a new position in Trade Desk in the 4th quarter valued at $307,000. Los Angeles Capital Management LLC grew its position in Trade Desk by 212.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 16,906 shares of the technology company’s stock valued at $1,217,000 after acquiring an additional 11,494 shares during the last quarter. Amalgamated Bank grew its position in Trade Desk by 2.0% in the 4th quarter. Amalgamated Bank now owns 47,191 shares of the technology company’s stock valued at $3,396,000 after acquiring an additional 939 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Trade Desk by 29.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 19,808 shares of the technology company’s stock valued at $1,425,000 after acquiring an additional 4,561 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $104.53 on Tuesday. The stock has a 50-day moving average of $97.32 and a two-hundred day moving average of $91.11. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $105.39. The stock has a market cap of $51.38 billion, a PE ratio of 261.33, a price-to-earnings-growth ratio of 5.30 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares in the company, valued at $351,846.12. The disclosure for this sale can be found here. Insiders sold a total of 642,868 shares of company stock worth $65,415,112 over the last three months. 10.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTD shares. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Friday. KeyCorp upped their price objective on Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Evercore ISI raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target (up previously from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. Finally, Needham & Company LLC increased their price target on Trade Desk from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $107.72.

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.