Pittenger & Anderson Inc. Acquires 2,585 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Pittenger & Anderson Inc. grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1,397.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,770 shares of the technology company’s stock after acquiring an additional 2,585 shares during the period. Pittenger & Anderson Inc.’s holdings in Trade Desk were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares during the period. ARK Investment Management LLC boosted its holdings in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after buying an additional 1,979,319 shares during the period. Eagle Asset Management Inc. bought a new position in Trade Desk in the 3rd quarter worth $99,035,000. International Assets Investment Management LLC lifted its stake in Trade Desk by 6,600.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock worth $78,549,000 after purchasing an additional 1,075,269 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Trade Desk by 9.6% in the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock worth $461,039,000 after purchasing an additional 517,842 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 0.5 %

Shares of NASDAQ TTD traded down $0.45 during midday trading on Thursday, reaching $83.34. The company had a trading volume of 4,060,203 shares, compared to its average volume of 4,532,280. The business’s 50-day simple moving average is $83.40 and its 200 day simple moving average is $75.68. The stock has a market cap of $40.75 billion, a P/E ratio of 230.92, a P/E/G ratio of 4.47 and a beta of 1.50. The Trade Desk, Inc. has a 1 year low of $59.98 and a 1 year high of $94.00.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The business had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. Analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now owns 52,387 shares in the company, valued at $4,377,981.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the sale, the insider now owns 52,387 shares in the company, valued at $4,377,981.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at $126,905,976.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 492,170 shares of company stock worth $41,250,398. 10.18% of the stock is owned by company insiders.

Analyst Ratings Changes

TTD has been the topic of several recent research reports. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. Wells Fargo & Company upped their target price on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. BTIG Research upped their target price on shares of Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, KeyCorp upped their target price on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

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.