The Trade Desk, Inc. (NASDAQ:TTD) Stake Increased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,214 shares of the technology company’s stock after acquiring an additional 5,056 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Trade Desk were worth $4,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TTD. Baillie Gifford & Co. boosted its position in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. Jennison Associates LLC boosted its holdings in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Edgewood Management LLC grew its position in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares in the last quarter. FMR LLC increased its stake in Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after buying an additional 32,999 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after buying an additional 68,206 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 18,524 shares of the 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 in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction 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 completion of the transaction, the chief executive officer now 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 position. The disclosure for this sale can be found here. Insiders sold 549,684 shares of company stock worth $68,444,576 in the last 90 days. 9.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of research reports. Loop Capital upped their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. KeyCorp upped their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Truist Financial lifted their price target on Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. BTIG Research increased their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, JMP Securities started coverage on shares of Trade Desk in a research note on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Price Performance

TTD opened at $119.96 on Friday. The company has a market capitalization of $59.21 billion, a P/E ratio of 196.66, a P/E/G ratio of 3.82 and a beta of 1.45. The firm’s fifty day moving average price is $125.84 and its two-hundred day moving average price is $113.56. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53.

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

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.