Malaga Cove Capital LLC Grows Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Malaga Cove Capital LLC increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 33,928 shares of the technology company’s stock after acquiring an additional 1,499 shares during the period. Trade Desk makes up about 1.3% of Malaga Cove Capital LLC’s holdings, making the stock its 19th largest holding. Malaga Cove Capital LLC’s holdings in Trade Desk were worth $3,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its position in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co purchased a new position in Trade Desk during the first quarter worth about $27,000. Bogart Wealth LLC increased its position in shares of 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 acquiring an additional 222 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $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.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $68,930,351.49. The disclosure for this sale can be found here. Insiders have sold 642,868 shares of company stock worth $65,415,112 in the last quarter. 10.18% of the stock is owned by insiders.

Trade Desk Trading Down 1.0 %

Shares of NASDAQ:TTD opened at $99.32 on Tuesday. The firm has a 50 day simple moving average of $97.65 and a 200-day simple moving average of $91.67. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $105.39. The company has a market capitalization of $48.82 billion, a PE ratio of 248.31, a P/E/G ratio of 4.83 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, equities research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the subject of several research reports. BTIG Research lifted their target price on shares of Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 9th. Needham & Company LLC lifted their price objective on Trade Desk from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. Macquarie restated an “outperform” rating and set a $115.00 target price on shares of Trade Desk in a report on Friday, August 9th. Finally, Oppenheimer boosted their price target on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $108.85.

About Trade Desk

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.