4,783 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by 111 Capital

111 Capital acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,783 shares of the technology company's stock, valued at approximately $562,000.

Other institutional investors have also recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk in the fourth quarter worth about $25,000. Rialto Wealth Management LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $26,000. Midwest Capital Advisors LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $34,000. Zions Bancorporation N.A. raised its stake in shares of Trade Desk by 148.3% in the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $35,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the transaction, the chief executive officer now owns 17,018 shares of the company's stock, valued at $1,361,950.54. This represents a 61.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David B. Wells sold 28,638 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTD shares. Loop Capital reduced their price target on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Susquehanna reduced their price target on Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reduced their price target on Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. 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. Finally, Oppenheimer lifted their price target on Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.12.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded down $0.92 during trading on Friday, reaching $73.96. The stock had a trading volume of 6,878,665 shares, compared to its average volume of 6,037,489. The business has a fifty day moving average price of $59.81 and a 200-day moving average price of $90.51. The stock has a market cap of $36.69 billion, a PE ratio of 94.82, a PEG ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm'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 earnings per share. Sell-side analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Trade Desk Company 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.