The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by IFP Advisors Inc

IFP Advisors Inc lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 69.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,044 shares of the technology company’s stock after purchasing an additional 4,104 shares during the quarter. IFP Advisors Inc’s holdings in Trade Desk were worth $1,180,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in Trade Desk during the fourth quarter worth $34,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Trade Desk in the fourth quarter valued at $4,956,000. World Equity Group Inc. boosted its position in shares of Trade Desk by 104.3% in the 4th quarter. World Equity Group Inc. now owns 6,288 shares of the technology company’s stock worth $739,000 after buying an additional 3,210 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Trade Desk by 0.8% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,672 shares of the technology company’s stock valued at $11,714,000 after acquiring an additional 800 shares during the last quarter. Finally, Ascent Wealth Partners LLC raised its position in Trade Desk by 18.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 36,752 shares of the technology company’s stock worth $4,319,000 after acquiring an additional 5,614 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated 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 $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 in the last three months. 9.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent research reports. KeyCorp raised their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Robert W. Baird cut their price target on Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on Trade Desk from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, DA Davidson decreased their price target on shares of Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.45.

Trade Desk Trading Down 3.4 %

TTD opened at $72.43 on Thursday. The Trade Desk, Inc. has a twelve month low of $70.44 and a twelve month high of $141.53. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 92.86, a PEG ratio of 3.11 and a beta of 1.45. The company has a fifty day simple moving average of $111.79 and a 200 day simple moving average of $114.74.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management 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.