Stratos Wealth Partners LTD. Has $309,000 Stock Holdings in The Trade Desk (NASDAQ:TTD)

Stratos Wealth Partners LTD. lessened its holdings in shares of The Trade Desk (NASDAQ:TTD) by 21.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,639 shares of the technology company’s stock after selling 1,507 shares during the period. Stratos Wealth Partners LTD.’s holdings in Trade Desk were worth $309,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Investment Management Corp VA ADV bought a new stake in Trade Desk in the 4th quarter valued at $25,000. Cloud Capital Management LLC bought a new stake in Trade Desk during the 1st quarter worth about $27,000. von Borstel & Associates Inc. bought a new stake in Trade Desk during the 1st quarter worth about $31,000. Zions Bancorporation N.A. lifted its position in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Trade Desk during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer owned 17,018 shares of the company’s stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the transaction, the director owned 66,985 shares of the company’s stock, valued at $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TTD shares. DA Davidson cut their price target on shares of Trade Desk from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Truist Financial lifted their price target on Trade Desk from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Cfra Research raised Trade Desk to a “moderate buy” rating in a research report on Tuesday, March 25th. Citizens Jmp lowered their price target on Trade Desk from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley boosted their price target on Trade Desk from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $97.27.

Trade Desk Trading Up 6.6%

Shares of Trade Desk stock opened at $80.40 on Wednesday. The business has a 50-day moving average price of $72.86 and a two-hundred day moving average price of $77.69. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a market cap of $39.51 billion, a P/E ratio of 98.05, a PEG ratio of 3.46 and a beta of 1.36.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same period last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk Company 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.