Kensington Investment Counsel LLC Has $4.40 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Kensington Investment Counsel LLC lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.5% during the 4th quarter, HoldingsChannel reports. The fund owned 37,404 shares of the technology company’s stock after acquiring an additional 179 shares during the quarter. Trade Desk accounts for approximately 1.8% of Kensington Investment Counsel LLC’s holdings, making the stock its 14th largest position. Kensington Investment Counsel LLC’s holdings in Trade Desk were worth $4,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Focus Financial Network Inc. grew its stake in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after acquiring an additional 84 shares in the last quarter. CAP Partners LLC grew its stake in shares of Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after acquiring an additional 86 shares in the last quarter. RMR Wealth Builders grew its stake in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after acquiring an additional 89 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after acquiring an additional 94 shares in the last quarter. Finally, TFB Advisors LLC grew its stake in shares of Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock valued at $442,000 after acquiring an additional 94 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research reports. Benchmark upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Royal Bank of Canada cut their price objective on shares of Trade Desk from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. BMO Capital Markets cut their price objective on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Wedbush upped their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.45.

Insider Buying and Selling at Trade Desk

In other Trade Desk 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 transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $56.50 on Tuesday. The company has a 50 day simple moving average of $96.38 and a 200 day simple moving average of $111.25. The firm has a market cap of $28.03 billion, a PE ratio of 72.44, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 1 year low of $53.42 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.