The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,825 shares of the technology company’s stock after buying an additional 656 shares during the period. International Assets Investment Management LLC’s holdings in Trade Desk were worth $1,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Level Financial Advisors Inc. increased its stake in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares in the last quarter. Ancora Advisors LLC increased its holdings in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Anchor Investment Management LLC bought a new position in Trade Desk during the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. grew its position in shares of Trade Desk by 134.3% in the 4th quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $85.13, for a total value of $6,384,750.00. Following the completion of the sale, the chief executive officer now owns 899,022 shares in the company, valued at $76,533,742.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $85.13, for a total value of $6,384,750.00. Following the completion of the transaction, the chief executive officer now directly owns 899,022 shares in the company, valued at $76,533,742.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares in the company, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,312 shares of company stock valued at $22,880,941. 10.18% of the stock is owned by company insiders.

Trade Desk Trading Up 0.4 %

NASDAQ:TTD opened at $97.71 on Monday. The firm has a market capitalization of $47.79 billion, a PE ratio of 244.28, a PEG ratio of 4.98 and a beta of 1.49. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $99.54. The firm’s fifty day simple moving average is $90.50 and its 200 day simple moving average is $81.55.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research reports. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Wedbush began coverage on Trade Desk in a report on Monday, June 17th. They issued an “outperform” rating and a $110.00 price objective for the company. BMO Capital Markets reissued an “outperform” rating and set a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and upped their target price for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

About Trade Desk

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.