The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 138.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,151 shares of the technology company’s stock after purchasing an additional 38,418 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Trade Desk were worth $6,461,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TTD. Vanguard Group Inc. raised its stake in Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Trade Desk by 10.5% in the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares during the period. Jericho Capital Asset Management L.P. increased its stake in shares of Trade Desk by 4.3% in 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 purchasing an additional 100,000 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Trade Desk by 10.4% in 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 purchasing an additional 209,222 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Trade Desk by 3.2% in 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 purchasing an additional 59,161 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total value of $22,108,000.00. Following the transaction, the chief executive officer now directly owns 365,180 shares in the company, valued at approximately $40,366,997.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total value of $22,108,000.00. Following the transaction, the chief executive officer now directly owns 365,180 shares in the company, valued at approximately $40,366,997.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at $70,606,106.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,056,669 shares of company stock worth $113,117,247. 10.18% of the stock is owned by corporate insiders.

Trade Desk Stock Up 0.2 %

TTD stock opened at $109.65 on Tuesday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $112.22. The company has a market cap of $53.63 billion, a price-to-earnings ratio of 274.13, a PEG ratio of 5.27 and a beta of 1.48. The company has a 50 day moving average of $100.15 and a two-hundred day moving average of $94.31.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 price objective (up from $105.00) on shares of Trade Desk in a report on Friday, August 9th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Macquarie reiterated an “outperform” rating and issued a $115.00 price objective on shares of Trade Desk in a report on Friday, August 9th. Finally, Citigroup raised their target price on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $109.05.

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.