Wealth Enhancement Advisory Services LLC Sells 2,107 Shares of The Trade Desk (NASDAQ:TTD)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of The Trade Desk (NASDAQ:TTD) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,689 shares of the technology company’s stock after selling 2,107 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Trade Desk were worth $4,306,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in shares of Trade Desk in the fourth quarter valued at $25,000. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at $26,000. Zions Bancorporation N.A. raised its stake in shares of Trade Desk by 148.3% in the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Trade Desk in the first quarter valued at $43,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at $47,000. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research reports. Wedbush restated an “outperform” rating and issued a $86.00 target price (up from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. Royal Bank Of Canada lowered their target price on Trade Desk from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the company a “buy” rating in a research note on Tuesday, April 29th. Oppenheimer lifted their price target on Trade Desk from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Finally, Citizens Jmp reduced their price target on Trade Desk from $115.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.03.

Trade Desk Stock Performance

TTD stock opened at $68.02 on Friday. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The business’s 50 day moving average price is $67.18 and its two-hundred day moving average price is $82.84. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 82.95, a price-to-earnings-growth ratio of 3.20 and a beta of 1.41.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. Sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer now directly owns 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director now owns 66,985 shares in the company, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by company insiders.

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.