Stephens Investment Management Group LLC Purchases 13,823 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Stephens Investment Management Group LLC lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 176,907 shares of the technology company’s stock after purchasing an additional 13,823 shares during the period. Stephens Investment Management Group LLC’s holdings in Trade Desk were worth $20,792,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wedmont Private Capital raised its holdings in Trade Desk by 17.4% in the 3rd quarter. Wedmont Private Capital now owns 3,638 shares of the technology company’s stock worth $407,000 after purchasing an additional 538 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Trade Desk by 258.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,405 shares of the technology company’s stock valued at $373,000 after buying an additional 2,456 shares during the period. Inspire Investing LLC bought a new position in Trade Desk in the third quarter worth about $2,245,000. Annex Advisory Services LLC purchased a new stake in Trade Desk in the third quarter worth about $210,000. Finally, Koshinski Asset Management Inc. bought a new stake in Trade Desk during the 3rd quarter valued at approximately $213,000. 67.77% of the stock is owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were 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 approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on TTD shares. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and raised their target price for the company from $85.00 to $115.00 in a research note on Monday, November 25th. DA Davidson raised their price objective on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Wolfe Research upped their target price on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on shares of Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Oppenheimer boosted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Stock Up 2.3 %

Trade Desk stock opened at $117.29 on Monday. The business has a 50-day simple moving average of $124.17 and a two-hundred day simple moving average of $115.07. The Trade Desk, Inc. has a 52-week low of $68.65 and a 52-week high of $141.53. The company has a market cap of $57.89 billion, a P/E ratio of 192.28, a P/E/G ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The company had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the previous year, the company earned $0.08 EPS. Research analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal 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.