Ashton Thomas Private Wealth LLC Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Ashton Thomas Private Wealth LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 112.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,816 shares of the technology company’s stock after acquiring an additional 7,828 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Trade Desk were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TTD. Farther Finance Advisors LLC grew its stake in Trade Desk by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,335 shares of the technology company’s stock valued at $256,000 after buying an additional 417 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Trade Desk by 4.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 9,222 shares of the technology company’s stock valued at $1,011,000 after purchasing an additional 434 shares in the last quarter. TFB Advisors LLC purchased a new position in shares of Trade Desk during the 3rd quarter valued at $402,000. CWA Asset Management Group LLC purchased a new position in shares of Trade Desk during the 3rd quarter valued at $219,000. Finally, Executive Wealth Management LLC grew its position in shares of Trade Desk by 42.9% during the 3rd quarter. Executive Wealth Management LLC now owns 7,454 shares of the technology company’s stock valued at $817,000 after purchasing an additional 2,237 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of 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 represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock valued at $5,004,296. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 0.1 %

Shares of NASDAQ:TTD opened at $64.91 on Friday. The company has a market cap of $32.20 billion, a price-to-earnings ratio of 83.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The company has a 50-day moving average price of $103.94 and a 200-day moving average price of $113.14. The Trade Desk, Inc. has a 12 month low of $63.82 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on TTD. KeyCorp boosted their price target on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Oppenheimer reduced their price target on shares of Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their price target on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. DA Davidson reduced their price target on shares of Trade Desk from $134.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group boosted their price target on shares of Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

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.