Mariner LLC Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Mariner LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,219 shares of the technology company’s stock after acquiring an additional 9,927 shares during the quarter. Mariner LLC’s holdings in Trade Desk were worth $26,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lyell Wealth Management LP boosted its position in Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock worth $11,558,000 after purchasing an additional 19,204 shares during the period. Nordea Investment Management AB boosted its holdings in Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after buying an additional 358,350 shares during the period. Assenagon Asset Management S.A. grew its stake in Trade Desk by 276.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock valued at $8,255,000 after buying an additional 51,603 shares in the last quarter. Independent Solutions Wealth Management LLC grew its stake in Trade Desk by 21.0% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company’s stock valued at $7,057,000 after buying an additional 11,181 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new stake in Trade Desk during the 4th quarter valued at $985,000. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target on shares of Trade Desk in a report on Monday. KeyCorp cut their target price on Trade Desk from $74.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Cfra Research upgraded Trade Desk to a “moderate buy” rating in a research report on Tuesday, March 25th. Wedbush raised their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Evercore ISI cut shares of Trade Desk from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $135.00 to $90.00 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.69.

Trade Desk Stock Up 1.2 %

Shares of NASDAQ:TTD opened at $49.24 on Wednesday. The stock has a market cap of $24.43 billion, a PE ratio of 63.13, a PEG ratio of 3.11 and a beta of 1.56. The company’s fifty day moving average is $65.74 and its 200 day moving average is $102.80. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 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%. Sell-side analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has initiated a stock buyback 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 purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.