Delap Wealth Advisory LLC Buys New Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Delap Wealth Advisory LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,187 shares of the technology company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTD. Dimensional Fund Advisors LP lifted its holdings in shares of Trade Desk by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after purchasing an additional 35,164 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Trade Desk by 39.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,139 shares of the technology company’s stock valued at $82,000 after buying an additional 322 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Trade Desk by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 54,754 shares of the technology company’s stock valued at $3,940,000 after buying an additional 736 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Trade Desk during the fourth quarter worth about $296,000. Finally, Quest Partners LLC acquired a new stake in shares of Trade Desk in the 4th quarter worth about $87,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at approximately $68,897,150.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 596,748 shares of company stock valued at $61,010,053. Corporate insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TTD. Oppenheimer increased their price objective on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Macquarie restated an “outperform” rating and set a $115.00 price objective on shares of Trade Desk in a research note on Friday, August 9th. Benchmark lifted their price objective on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, KeyCorp upped their price objective on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $109.05.

Trade Desk Price Performance

NASDAQ:TTD opened at $109.51 on Friday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $111.80. The stock’s fifty day moving average price is $98.75 and its two-hundred day moving average price is $93.00. The company has a market cap of $53.56 billion, a P/E ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data 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. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal 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.