Caliber Wealth Management LLC KS Makes New $279,000 Investment in The Trade Desk (NASDAQ:TTD)

Key Points

• Caliber Wealth Management LLC acquired a new stake in The Trade Desk (NASDAQ:TTD), purchasing 5,100 shares valued at approximately $279,000 during the first quarter.
• The company reported a 25.4% year-over-year increase in quarterly revenue, reaching $616.02 million and an earnings per share (EPS) of $0.33, exceeding expectations.
• Analysts have rated The Trade Desk stock as a "Moderate Buy" with an average price target of $98.73, highlighting multiple price target adjustments from various financial institutions.

Caliber Wealth Management LLC KS purchased a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,100 shares of the technology company's stock, valued at approximately $279,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after buying an additional 169 shares during the period. Zions Bancorporation N.A. increased its position in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after buying an additional 175 shares during the period. Korea Investment CORP increased its position in Trade Desk by 4.5% during the 4th quarter. Korea Investment CORP now owns 317,940 shares of the technology company's stock worth $37,367,000 after buying an additional 13,747 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Trade Desk by 8.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 391,068 shares of the technology company's stock worth $47,648,000 after buying an additional 31,645 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Trade Desk during the 4th quarter worth $1,412,000. Institutional investors own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TTD shares. UBS Group reiterated a "buy" rating and set a $105.00 price objective (up previously from $80.00) on shares of Trade Desk in a research report on Wednesday, July 16th. Wedbush restated an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a research report on Tuesday, July 15th. Stifel Nicolaus raised their price target on Trade Desk from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday. Jefferies Financial Group set a $125.00 price target on Trade Desk and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Rosenblatt Securities raised their price target on Trade Desk from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Eight research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $98.73.

Trade Desk Stock Performance

Shares of TTD traded up $1.14 during mid-day trading on Friday, reaching $86.14. 6,028,690 shares of the company were exchanged, compared to its average volume of 14,512,962. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The stock has a market capitalization of $42.33 billion, a PE ratio of 105.05, a PEG ratio of 3.92 and a beta of 1.36. The business has a 50 day simple moving average of $74.50 and a two-hundred day simple moving average of $75.89.

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, topping analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same period last year, the company earned $0.26 earnings per share. The firm's revenue was up 25.4% compared to the same quarter last year. On average, analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Insider Transactions at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the transaction, the director directly owned 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

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.