Stratos Wealth Advisors LLC Boosts Stock Holdings in The Trade Desk $TTD

Stratos Wealth Advisors LLC lifted its position in The Trade Desk (NASDAQ:TTDFree Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,512 shares of the technology company’s stock after purchasing an additional 29,947 shares during the period. Stratos Wealth Advisors LLC’s holdings in Trade Desk were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares during the period. Versant Capital Management Inc grew its position in shares of Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the period. Root Financial Partners LLC purchased a new position in shares of Trade Desk in the 3rd quarter valued at about $26,000. Elevation Wealth Partners LLC raised its holdings in Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk in the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

TTD opened at $22.05 on Friday. The Trade Desk has a twelve month low of $21.03 and a twelve month high of $91.45. The firm has a market capitalization of $10.50 billion, a PE ratio of 24.50, a PEG ratio of 0.87 and a beta of 1.18. The firm’s 50-day moving average price is $25.93 and its 200 day moving average price is $37.11.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same period in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Arete Research raised Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price objective on the stock in a report on Monday, March 16th. Scotiabank reiterated a “sector perform” rating and set a $32.00 target price (down from $60.00) on shares of Trade Desk in a research report on Thursday, February 26th. Benchmark reissued a “buy” rating and issued a $40.00 price target (down from $65.00) on shares of Trade Desk in a research note on Monday, February 23rd. BNP Paribas Exane began coverage on shares of Trade Desk in a report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target for the company. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $22.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.94.

Check Out Our Latest Report on Trade Desk

Trade Desk Company Profile

(Free Report)

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

Further Reading

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

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