EP Wealth Advisors LLC Has $896,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

EP Wealth Advisors LLC increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 51.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,254 shares of the technology company’s stock after acquiring an additional 3,473 shares during the quarter. EP Wealth Advisors LLC’s holdings in Trade Desk were worth $896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTD. Pinnacle Bancorp Inc. increased its holdings in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares in the last quarter. Riverview Trust Co acquired a new stake in Trade Desk in the 1st quarter valued at $27,000. Bogart Wealth LLC grew its position in Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares during the period. Level Financial Advisors Inc. raised its position in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after acquiring an additional 418 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. BMO Capital Markets restated an “outperform” rating and issued a $108.00 target price (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Citigroup increased their price target on Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Morgan Stanley boosted their price objective on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Loop Capital increased their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $100.38.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total value of $6,335,250.00. Following the transaction, the chief executive officer now owns 824,022 shares in the company, valued at $69,605,138.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,909 shares of company stock valued at $27,162,851. 10.18% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 1.7 %

Shares of NASDAQ TTD traded up $1.55 during mid-day trading on Friday, reaching $92.43. 2,679,994 shares of the company were exchanged, compared to its average volume of 4,135,986. The stock has a market capitalization of $45.21 billion, a PE ratio of 231.43, a PEG ratio of 4.57 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $102.67. The company’s 50 day moving average price is $96.67 and its 200 day moving average price is $85.63.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

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.