O Shaughnessy Asset Management LLC Purchases 2,284 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

O Shaughnessy Asset Management LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,822 shares of the technology company’s stock after buying an additional 2,284 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Trade Desk were worth $5,150,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lyell Wealth Management LP increased its holdings 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 worth $11,558,000 after buying an additional 19,204 shares in the last quarter. Nordea Investment Management AB boosted its holdings 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 last quarter. Assenagon Asset Management S.A. grew its stake in shares of Trade Desk by 276.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock worth $8,255,000 after acquiring an additional 51,603 shares during the period. Independent Solutions Wealth Management LLC grew its stake 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 acquiring an additional 11,181 shares during the period. Finally, Moody National Bank Trust Division purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $985,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Susquehanna lowered their price objective on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 13th. Benchmark raised shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Piper Sandler reissued an “overweight” rating and set a $110.00 price objective (down previously from $140.00) on shares of Trade Desk in a research report on Thursday, February 13th. Finally, UBS Group raised their target price on Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Six 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.38.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

TTD stock opened at $56.30 on Thursday. The firm has a market cap of $27.93 billion, a PE ratio of 72.18, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The firm has a fifty day moving average price of $80.98 and a 200 day moving average price of $107.36. The Trade Desk, Inc. has a fifty-two week low of $52.36 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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 analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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