Fortis Capital Advisors LLC Acquires New Position in The Trade Desk, Inc. (NASDAQ:TTD)

Fortis Capital Advisors LLC bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,847 shares of the technology company’s stock, valued at approximately $1,059,000.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC increased its stake in shares of Trade Desk by 8.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,093 shares of the technology company’s stock valued at $223,000 after buying an additional 242 shares during the period. Fisher Asset Management LLC purchased a new stake in Trade Desk in the fourth quarter worth about $307,000. Los Angeles Capital Management LLC grew its holdings in Trade Desk by 212.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,906 shares of the technology company’s stock worth $1,217,000 after acquiring an additional 11,494 shares in the last quarter. Amalgamated Bank grew its holdings in Trade Desk by 2.0% during the 4th quarter. Amalgamated Bank now owns 47,191 shares of the technology company’s stock worth $3,396,000 after acquiring an additional 939 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Trade Desk during the 4th quarter valued at about $207,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at $9,887,713. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 642,868 shares of company stock valued at $65,415,112. 10.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on TTD shares. Susquehanna increased their target price on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, August 9th. BTIG Research upped their price objective on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Robert W. Baird lifted their target price on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. KeyCorp boosted their target price on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, Needham & Company LLC raised their price target on shares of Trade Desk from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.81.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $100.97 on Wednesday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $105.39. The company’s fifty day moving average price is $97.39 and its 200 day moving average price is $91.19. The company has a market capitalization of $49.39 billion, a PE ratio of 252.43, a price-to-earnings-growth ratio of 5.30 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. On average, equities analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

About Trade Desk

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.