The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,486 shares of the technology company’s stock after purchasing an additional 5,259 shares during the quarter. NEOS Investment Management LLC’s holdings in Trade Desk were worth $3,701,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk during the fourth quarter worth about $26,000. Harbor Investment Advisory LLC grew its holdings in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at approximately $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the 4th quarter valued at $34,000. Finally, Zions Bancorporation N.A. lifted its position in shares of Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of analyst reports. Loop Capital cut their price target on Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Benchmark upgraded Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Evercore ISI lowered shares of Trade Desk from an “outperform” rating to an “inline” rating and dropped their price target for the company from $135.00 to $90.00 in a research note on Thursday, February 13th. Wedbush boosted 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. Finally, Stifel Nicolaus dropped their target price on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating on the stock in a research report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.41.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred 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. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Down 2.6 %

NASDAQ TTD opened at $57.26 on Friday. The stock has a market capitalization of $28.41 billion, a P/E ratio of 73.41, a P/E/G ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53. The firm has a 50-day moving average price of $86.39 and a 200 day moving average price of $108.61.

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 analysts’ consensus estimates 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, equities research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Trade Desk 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.