Creative Planning Raises Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Creative Planning boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,599 shares of the technology company’s stock after acquiring an additional 12,384 shares during the quarter. Creative Planning’s holdings in Trade Desk were worth $14,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American International Group Inc. lifted its position in Trade Desk by 1.1% in the fourth quarter. American International Group Inc. now owns 38,469 shares of the technology company’s stock valued at $2,768,000 after buying an additional 409 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $306,000. RFG Advisory LLC lifted its holdings in shares of Trade Desk by 4.3% in the 1st quarter. RFG Advisory LLC now owns 8,597 shares of the technology company’s stock worth $752,000 after acquiring an additional 351 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Trade Desk during the 1st quarter worth approximately $2,626,000. Finally, Riverview Trust Co acquired a new stake in Trade Desk in the 1st quarter valued at approximately $27,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

TTD opened at $118.21 on Tuesday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $119.50. The stock has a market capitalization of $58.11 billion, a P/E ratio of 236.42, a price-to-earnings-growth ratio of 5.72 and a beta of 1.48. The business’s 50-day simple moving average is $107.58 and its 200-day simple moving average is $97.52.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for 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 firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, equities research analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Benchmark raised their price target on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Wolfe Research began coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target on the stock. Citigroup raised their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada upped their target price on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $112.97.

Insider Buying and Selling

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,556,542 shares of company stock worth $169,961,824 in the last 90 days. Company insiders own 9.72% of the company’s stock.

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.