Blue Zone Wealth Advisors LLC Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Blue Zone Wealth Advisors LLC lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,324 shares of the technology company’s stock after purchasing an additional 869 shares during the period. Trade Desk comprises about 2.0% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 16th largest position. Blue Zone Wealth Advisors LLC’s holdings in Trade Desk were worth $5,711,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co bought a new stake in Trade Desk during the first quarter valued at $27,000. Level Financial Advisors Inc. lifted its holdings in shares of Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the period. Finally, Ancora Advisors LLC lifted its stake in shares of Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 66,007 shares of Trade Desk stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the sale, the chief executive officer now owns 1,051,622 shares of the company’s stock, valued at approximately $91,890,730.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 66,007 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $87.38, for a total value of $5,767,691.66. Following the completion of the sale, the chief executive officer now directly owns 1,051,622 shares of the company’s stock, valued at approximately $91,890,730.36. The disclosure for this sale can be found here. Insiders have sold a total of 264,727 shares of company stock valued at $23,117,417 in the last quarter. 10.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on TTD shares. Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Thursday, May 16th. Royal Bank of Canada raised their price target on Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a research report on Thursday, May 9th. Piper Sandler restated an “overweight” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, Loop Capital raised their price target on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Trade Desk Stock Down 0.6 %

NASDAQ:TTD traded down $0.55 on Friday, hitting $97.67. The stock had a trading volume of 6,329,013 shares, compared to its average volume of 3,064,730. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 244.18, a PEG ratio of 5.00 and a beta of 1.49. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $99.54. The company has a fifty day moving average price of $92.22 and a two-hundred day moving average price of $82.47.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

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.