Simon Quick Advisors LLC Acquires 223 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Simon Quick Advisors LLC lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 6.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,765 shares of the technology company’s stock after acquiring an additional 223 shares during the period. Simon Quick Advisors LLC’s holdings in Trade Desk were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Edgewood Management LLC raised its holdings in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. Jennison Associates LLC lifted its holdings in Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. grew its stake in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after acquiring an additional 1,558,465 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Trade Desk by 55.3% during the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock worth $169,892,000 after purchasing an additional 551,925 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Down 1.3 %

Shares of NASDAQ:TTD opened at $119.14 on Friday. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The business has a 50 day moving average of $125.80 and a 200-day moving average of $113.33. The stock has a market cap of $58.80 billion, a PE ratio of 195.31, a P/E/G ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter last year, the firm earned $0.08 earnings per share. Equities research analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 512,953 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares of the company’s stock, valued at $30,354,152.92. This represents a 67.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 549,684 shares of company stock worth $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTD. Susquehanna reiterated a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. Robert W. Baird increased their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wolfe Research boosted their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Finally, DA Davidson boosted their price target on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

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.