Smartleaf Asset Management LLC Buys 573 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Smartleaf Asset Management LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,747 shares of the technology company’s stock after purchasing an additional 573 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Trade Desk were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $35,000. Synergy Asset Management LLC acquired a new stake in Trade Desk in the fourth quarter valued at about $34,000. Finally, Kestra Investment Management LLC bought a new position in Trade Desk in the fourth quarter valued at about $39,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock worth $5,004,296 over the last three months. 9.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of research reports. Evercore ISI cut shares of Trade Desk from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. Susquehanna dropped their price objective on shares of Trade Desk from $150.00 to $135.00 and set a “positive” 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. Macquarie upped their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.45.

Trade Desk Price Performance

NASDAQ TTD opened at $67.60 on Wednesday. The Trade Desk, Inc. has a one year low of $64.56 and a one year high of $141.53. The business has a 50 day simple moving average of $108.51 and a 200 day simple moving average of $114.24. The stock has a market capitalization of $33.54 billion, a P/E ratio of 86.67, a P/E/G ratio of 3.11 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data 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%. Equities analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are often a sign 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.