First Heartland Consultants Inc. Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

First Heartland Consultants Inc. bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,171 shares of the technology company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TTD. Norges Bank acquired a new position in shares of Trade Desk during the fourth quarter worth $255,316,000. 1832 Asset Management L.P. purchased a new position in Trade Desk in the 1st quarter valued at approximately $225,710,000. Vanguard Group Inc. grew its stake in Trade Desk by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after buying an additional 818,568 shares in the last quarter. Victory Capital Management Inc. grew its stake in Trade Desk by 81.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock valued at $105,472,000 after buying an additional 659,337 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its holdings in Trade Desk by 138.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 765,157 shares of the technology company’s stock valued at $55,053,000 after purchasing an additional 444,032 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TTD shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective (up from $105.00) on shares of Trade Desk in a report on Friday, August 9th. Truist Financial increased their price objective on shares of Trade Desk from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Tuesday, June 11th. KeyCorp raised their target price on shares of Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, BTIG Research raised their target price on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $107.72.

Insider Buying and Selling

In other news, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. Insiders have sold 642,868 shares of company stock worth $65,415,112 in the last three months. 10.18% of the stock is currently owned by insiders.

Trade Desk Stock Performance

Shares of TTD stock opened at $103.97 on Tuesday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $105.39. The stock has a market cap of $51.11 billion, a PE ratio of 259.93, a price-to-earnings-growth ratio of 5.23 and a beta of 1.48. The business’s fifty day moving average is $96.73 and its 200-day moving average is $90.05.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. Equities research analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current 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.