Diversify Advisory Services LLC Raises Position in The Trade Desk (NASDAQ:TTD)

Diversify Advisory Services LLC boosted its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 272.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,462 shares of the technology company's stock after buying an additional 11,312 shares during the period. Diversify Advisory Services LLC's holdings in Trade Desk were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TTD. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk during the 4th quarter valued at $25,000. Cloud Capital Management LLC purchased a new position in shares of Trade Desk during the 1st quarter valued at $27,000. von Borstel & Associates Inc. purchased a new position in shares of Trade Desk during the 1st quarter valued at $31,000. Zions Bancorporation N.A. grew its position in shares of Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of Trade Desk during the 1st quarter worth $35,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TTD. Morgan Stanley boosted their price target on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Truist Financial boosted their price target on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Citizens Jmp lowered 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, May 9th. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Cfra Research upgraded shares of Trade Desk to a "moderate buy" rating in a research report on Tuesday, March 25th. Eight research 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, the stock has an average rating of "Moderate Buy" and an average price target of $98.48.

Trade Desk Trading Down 1.5%

TTD opened at $80.21 on Friday. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a market capitalization of $39.42 billion, a PE ratio of 97.82, a PEG ratio of 3.68 and a beta of 1.36. The firm's 50 day simple moving average is $73.96 and its two-hundred day simple moving average is $76.90.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced 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. The firm had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 earnings per share. Equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction on 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 of the company's stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

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.

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