HBW Advisory Services LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

HBW Advisory Services LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,323 shares of the technology company’s stock, valued at approximately $227,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. raised its position in 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 buying an additional 163 shares during the period. Riverview Trust Co bought a new stake in Trade Desk during the 1st quarter valued at approximately $27,000. Bogart Wealth LLC boosted its stake in Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Jones Financial Companies Lllp raised its holdings in Trade Desk by 889.4% in the 4th 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 in the last quarter. Finally, Blue Trust Inc. raised its holdings in Trade Desk by 134.3% in the 4th quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent research reports. Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Trade Desk in a report on Thursday, May 16th. KeyCorp raised their price objective on Trade Desk from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Royal Bank of Canada lifted their price target on Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Oppenheimer lifted their target price on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $101.17.

Trade Desk Stock Up 1.9 %

TTD traded up $1.57 on Tuesday, hitting $84.79. The company’s stock had a trading volume of 3,643,693 shares, compared to its average volume of 4,132,404. The company’s 50 day simple moving average is $95.97 and its 200-day simple moving average is $86.83. The firm has a market cap of $41.47 billion, a P/E ratio of 211.76, a price-to-earnings-growth ratio of 4.26 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $102.67.

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

Insider Buying and Selling at Trade Desk

In other news, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares in the company, valued at approximately $67,055,764.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 43,705 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The disclosure for this sale can be found here. Insiders sold a total of 213,909 shares of company stock valued at $20,827,601 in the last three months. Company insiders own 10.18% of the company’s stock.

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.