Axxcess Wealth Management LLC Increases Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Axxcess Wealth Management LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,625 shares of the technology company’s stock after purchasing an additional 584 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Trade Desk were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Trade Desk during the first quarter valued at approximately $225,710,000. Jericho Capital Asset Management L.P. grew its position in Trade Desk by 4.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after acquiring an additional 100,000 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Trade Desk by 10.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after acquiring an additional 209,222 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Trade Desk by 3.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after acquiring an additional 59,161 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. 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. 10.18% of the stock is currently owned by company insiders.

Trade Desk Trading Down 0.6 %

Shares of Trade Desk stock opened at $109.51 on Friday. The firm has a market capitalization of $53.83 billion, a P/E ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48. The business has a fifty day simple moving average of $98.75 and a two-hundred day simple moving average of $92.92. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $111.80.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTD. Piper Sandler reiterated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. Robert W. Baird increased their price target on shares of Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Benchmark increased their price target on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Susquehanna raised their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.05.

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.