The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Boosted by LPL Financial LLC

LPL Financial LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 10.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 785,125 shares of the technology company’s stock after buying an additional 73,642 shares during the quarter. LPL Financial LLC’s holdings in Trade Desk were worth $92,276,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC raised its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Trade Desk during the fourth quarter valued at approximately $34,000. Exchange Traded Concepts LLC bought a new stake in Trade Desk during the fourth quarter worth approximately $35,000. Finally, Synergy Asset Management LLC acquired a new position in Trade Desk in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The stock was 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 directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock valued at $5,004,296 over the last 90 days. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 4.5 %

NASDAQ:TTD opened at $62.00 on Wednesday. The Trade Desk, Inc. has a twelve month low of $53.39 and a twelve month high of $141.53. The company has a fifty day moving average of $88.88 and a 200-day moving average of $109.33. The firm has a market capitalization of $30.76 billion, a P/E ratio of 79.49, a P/E/G ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last announced its quarterly 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 return on equity of 16.38% and a net margin of 16.08%. On average, analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has approved a stock buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp reduced their target price on Trade Desk from $130.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Morgan Stanley decreased their target price on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Citizens Jmp upgraded shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a research note on Thursday, March 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $110.00 target price (down from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.41.

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.