Independent Solutions Wealth Management LLC Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Independent Solutions Wealth Management LLC increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,600 shares of the technology company’s stock after acquiring an additional 2,242 shares during the period. Trade Desk comprises approximately 1.7% of Independent Solutions Wealth Management LLC’s portfolio, making the stock its 15th largest position. Independent Solutions Wealth Management LLC’s holdings in Trade Desk were worth $7,828,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Focus Financial Network Inc. increased its position 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 during the period. RMR Wealth Builders increased its holdings in Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after purchasing an additional 89 shares during the period. Quotient Wealth Partners LLC raised its position in Trade Desk by 4.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after purchasing an additional 94 shares during the last quarter. TFB Advisors LLC lifted its holdings in Trade Desk by 2.6% in the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after buying an additional 94 shares during the period. Finally, Centurion Wealth Management LLC raised its holdings in shares of Trade Desk by 2.6% during the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company’s stock valued at $443,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 in the last ninety days. 9.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TTD shares. KeyCorp cut their price objective on Trade Desk from $130.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday. Robert W. Baird dropped their price target on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. DA Davidson decreased their price objective on Trade Desk from $134.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Macquarie boosted their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets decreased their price target on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Six 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.41.

Trade Desk Price Performance

TTD stock opened at $55.85 on Friday. The Trade Desk, Inc. has a 1 year low of $53.39 and a 1 year high of $141.53. The firm has a market capitalization of $27.71 billion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The business has a 50 day simple moving average of $92.39 and a 200-day simple moving average of $110.12.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.