The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 54.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 577 shares of the technology company’s stock after acquiring an additional 203 shares during the period. JFS Wealth Advisors LLC’s holdings in Trade Desk were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. grew its position in Trade Desk by 0.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,658 shares of the technology company’s stock worth $3,486,000 after purchasing an additional 170 shares during the period. Allworth Financial LP grew its position in Trade Desk by 46.3% during the 4th quarter. Allworth Financial LP now owns 5,470 shares of the technology company’s stock worth $660,000 after purchasing an additional 1,732 shares during the period. Strategic Financial Concepts LLC grew its position in Trade Desk by 3,401.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 110,506 shares of the technology company’s stock worth $12,988,000 after purchasing an additional 107,350 shares during the period. Principal Securities Inc. grew its position in Trade Desk by 6.9% during the 4th quarter. Principal Securities Inc. now owns 7,675 shares of the technology company’s stock worth $902,000 after purchasing an additional 496 shares during the period. Finally, Everhart Financial Group Inc. grew its position in Trade Desk by 17.6% during the 4th quarter. Everhart Financial Group Inc. now owns 10,162 shares of the technology company’s stock worth $1,194,000 after purchasing an additional 1,519 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by company insiders.

Trade Desk Stock Down 2.1 %

Shares of NASDAQ TTD opened at $80.16 on Tuesday. The firm has a market cap of $39.56 billion, a price-to-earnings ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 52-week low of $73.68 and a 52-week high of $141.53. The business’s 50 day moving average is $119.84 and its two-hundred day moving average is $115.53.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. Analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTD shares. BMO Capital Markets cut their price target on Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. JMP Securities lowered their target price on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. Cantor Fitzgerald lowered their target price on shares of Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Benchmark reissued a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Finally, UBS Group increased their target price on shares of Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.97.

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.