The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,720 shares of the technology company’s stock after purchasing an additional 551 shares during the quarter. Blue Trust Inc.’s holdings in Trade Desk were worth $737,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TTD. Kingswood Wealth Advisors LLC acquired a new position in shares of Trade Desk during the 4th quarter worth approximately $757,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Trade Desk by 35,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,056 shares of the technology company’s stock valued at $124,000 after purchasing an additional 1,053 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in Trade Desk during the fourth quarter worth about $359,000. Jacksonville Wealth Management LLC purchased a new position in Trade Desk during the fourth quarter worth about $1,318,000. Finally, Juncture Wealth Strategies LLC boosted its holdings in Trade Desk by 2.2% in the 4th quarter. Juncture Wealth Strategies LLC now owns 6,639 shares of the technology company’s stock valued at $780,000 after purchasing an additional 143 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

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

Wall Street Analyst Weigh In

Several research firms have recently commented on TTD. Macquarie lifted their price target on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Wolfe Research upped their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Oppenheimer boosted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Truist Financial increased their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Loop Capital boosted their target price on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Stock Performance

TTD stock opened at $122.59 on Thursday. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The company has a fifty day moving average of $125.87 and a 200-day moving average of $114.01. The stock has a market capitalization of $60.51 billion, a PE ratio of 200.97, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The business had revenue of $628.02 million during the quarter, compared to analysts’ expectations 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 analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal 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.