Hantz Financial Services Inc. Purchases 3,818 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Hantz Financial Services Inc. raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 28.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,061 shares of the technology company’s stock after acquiring an additional 3,818 shares during the period. Hantz Financial Services Inc.’s holdings in Trade Desk were worth $2,005,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Forsta AP Fonden raised its holdings in shares of Trade Desk by 1.0% in the fourth quarter. Forsta AP Fonden now owns 92,500 shares of the technology company’s stock valued at $10,872,000 after purchasing an additional 900 shares during the last quarter. BOCHK Asset Management Ltd grew its position in Trade Desk by 271.3% in the fourth quarter. BOCHK Asset Management Ltd now owns 116,600 shares of the technology company’s stock valued at $13,704,000 after purchasing an additional 85,200 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Trade Desk by 8.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 121,609 shares of the technology company’s stock valued at $14,293,000 after buying an additional 9,973 shares during the last quarter. Deane Retirement Strategies Inc. lifted its position in Trade Desk by 1.3% during the 4th quarter. Deane Retirement Strategies Inc. now owns 33,015 shares of the technology company’s stock worth $3,880,000 after buying an additional 423 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of Trade Desk by 21.6% during the 4th quarter. Perigon Wealth Management LLC now owns 5,581 shares of the technology company’s stock worth $674,000 after buying an additional 992 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 512,953 shares of the business’s stock in a transaction 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 directly owns 243,476 shares in the company, valued at approximately $30,354,152.92. The trade was a 67.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 553,982 shares of company stock valued at $68,954,147. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTD. BMO Capital Markets upped their target price on Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Loop Capital increased their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. JMP Securities initiated coverage on shares of Trade Desk in a report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Finally, Wolfe Research lifted 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. One 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Stock Down 3.0 %

Shares of Trade Desk stock opened at $118.94 on Friday. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The company has a market capitalization of $58.71 billion, a price-to-earnings ratio of 194.98, a PEG ratio of 3.82 and a beta of 1.45. The firm’s 50-day moving average price is $125.70 and its two-hundred day moving average price is $114.05.

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

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.