The Trade Desk, Inc. (NASDAQ:TTD) Position Increased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 8.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,093 shares of the technology company’s stock after buying an additional 242 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Trade Desk were worth $223,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. California Public Employees Retirement System grew its stake in Trade Desk by 1.4% during the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock valued at $63,185,000 after acquiring an additional 11,356 shares in the last quarter. Nordea Investment Management AB lifted its position in Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after buying an additional 147,717 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Trade Desk by 12.8% during the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after buying an additional 28,714 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Trade Desk by 30.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after acquiring an additional 67,520 shares in the last quarter. Finally, Deane Retirement Strategies Inc. increased its stake in shares of Trade Desk by 126.8% in the fourth quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock worth $1,887,000 after acquiring an additional 14,662 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Up 3.1 %

Shares of TTD stock opened at $88.67 on Friday. The firm has a market capitalization of $43.35 billion, a P/E ratio of 246.31, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $94.00. The firm’s fifty day simple moving average is $84.04 and its 200 day simple moving average is $76.17.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on TTD shares. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $95.00 to $105.00 in a report on Thursday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 target price (up from $107.00) on shares of Trade Desk in a research report on Thursday. Susquehanna increased their price target on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.72.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Laura Schenkein sold 3,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $303,596.23. Following the completion of the transaction, the chief financial officer now owns 653,366 shares of the company’s stock, valued at $58,495,857.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold 642,170 shares of company stock worth $53,970,398 over the last three months. Company insiders own 10.18% of the company’s stock.

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.