Raymond James Financial Services Advisors Inc. Has $19 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 263,971 shares of the technology company’s stock after acquiring an additional 1,314 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Trade Desk were worth $18,995,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TTD. NBC Securities Inc. acquired a new position in shares of Trade Desk during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trade Desk during the third quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Trade Desk during the third quarter worth $29,000. MUFG Americas Holdings Corp acquired a new position in shares of Trade Desk during the third quarter worth $30,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $85.42, for a total transaction of $6,406,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,117,629 shares of the company’s stock, valued at $95,467,869.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $85.42, for a total value of $6,406,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,117,629 shares of the company’s stock, valued at approximately $95,467,869.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the sale, the director now directly owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The disclosure for this sale can be found here. Insiders sold a total of 426,562 shares of company stock valued at $35,446,258 over the last three months. Corporate insiders own 10.81% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $87.42 on Friday. The firm has a 50-day moving average of $78.43 and a 200-day moving average of $75.12. The company has a market cap of $42.74 billion, a PE ratio of 242.84, a PEG ratio of 4.81 and a beta of 1.50. The Trade Desk, Inc. has a one year low of $57.17 and a one year high of $94.00.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, equities research analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. Stifel Nicolaus boosted their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. KeyCorp boosted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, BTIG Research boosted their target price on shares of Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

View Our Latest Research Report on TTD

Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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