EP Wealth Advisors LLC Acquires 4,871 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

EP Wealth Advisors LLC lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,449 shares of the technology company's stock after buying an additional 4,871 shares during the period. EP Wealth Advisors LLC's holdings in Trade Desk were worth $1,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of Trade Desk during the fourth quarter worth $26,000. Harbor Investment Advisory LLC lifted its holdings in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after buying an additional 117 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at about $34,000. Zions Bancorporation N.A. grew its stake in shares of Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after buying an additional 175 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Trade Desk in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citizens Jmp reduced their price objective on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday. Robert W. Baird reduced their price target on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Guggenheim lowered their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday. Truist Financial boosted their target price on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday. Finally, Morgan Stanley increased their price target on Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $98.88.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded up $11.14 during mid-day trading on Friday, hitting $71.04. 48,867,132 shares of the stock were exchanged, compared to its average volume of 5,761,137. The company has a market cap of $35.24 billion, a P/E ratio of 91.08, a PEG ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53. The stock's fifty day simple moving average is $54.62 and its two-hundred day simple moving average is $94.99.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, equities research analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has initiated a stock repurchase program on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

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.