3,644 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Advisor OS LLC

Advisor OS LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,644 shares of the technology company’s stock, valued at approximately $428,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Investment Advisory LLC grew its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Trade Desk in the 4th quarter worth approximately $34,000. Midwest Capital Advisors LLC purchased a new position in Trade Desk in the 4th quarter worth approximately $34,000. Exchange Traded Concepts LLC purchased a new position in Trade Desk in the 4th quarter worth approximately $35,000. Finally, Kestra Investment Management LLC purchased a new position in Trade Desk in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $71.49 on Friday. The Trade Desk, Inc. has a 1 year low of $70.44 and a 1 year high of $141.53. The firm has a market cap of $35.29 billion, a price-to-earnings ratio of 91.65, a PEG ratio of 3.11 and a beta of 1.45. The company has a 50-day moving average of $110.70 and a 200 day moving average of $114.44.

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

Trade Desk announced that its board has approved a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Trade Desk from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Scotiabank cut their price objective on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Finally, JMP Securities cut their price objective on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

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.