Kesler Norman & Wride LLC Purchases 1,739 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Kesler Norman & Wride LLC increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,650 shares of the technology company’s stock after purchasing an additional 1,739 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Trade Desk were worth $1,252,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TTD. Lyell Wealth Management LP raised its stake in Trade Desk by 24.3% in the 4th quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock valued at $11,558,000 after acquiring an additional 19,204 shares during the period. Nordea Investment Management AB lifted its position in shares of Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Trade Desk by 276.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock worth $8,255,000 after purchasing an additional 51,603 shares in the last quarter. Independent Solutions Wealth Management LLC increased its position in shares of Trade Desk by 21.0% in the third quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company’s stock worth $7,057,000 after purchasing an additional 11,181 shares during the period. Finally, Moody National Bank Trust Division acquired a new position in Trade Desk in the fourth quarter valued at about $985,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of analyst reports. Wedbush increased their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Evercore ISI cut shares of Trade Desk from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $135.00 to $90.00 in a research note on Thursday, February 13th. Wolfe Research upped their target price on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Scotiabank reduced their target price on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, JMP Securities dropped their price objective on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.41.

Trade Desk Price Performance

Trade Desk stock opened at $57.10 on Wednesday. The stock’s 50 day moving average is $82.27 and its 200 day moving average is $107.72. The Trade Desk, Inc. has a one year low of $52.90 and a one year high of $141.53. The firm has a market cap of $28.33 billion, a P/E ratio of 73.21, a P/E/G ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 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%. Equities 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 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 repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is 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.