The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,099 shares of the technology company’s stock after purchasing an additional 948 shares during the quarter. Apollon Wealth Management LLC’s holdings in Trade Desk were worth $3,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTD. Harbor Investment Advisory LLC increased its position in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth about $34,000. Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $35,000. Avior Wealth Management LLC lifted its holdings in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated 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 sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTD shares. BMO Capital Markets lifted their price objective on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Scotiabank assumed coverage on Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price target for the company. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Citigroup lifted their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their target price on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Price Performance

Shares of TTD stock opened at $117.29 on Friday. The firm has a market cap of $57.89 billion, a P/E ratio of 192.28, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $68.65 and a 1-year high of $141.53. The firm’s 50-day simple moving average is $124.17 and its 200-day simple moving average is $114.80.

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

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.