Financial Counselors Inc. Buys 5,641 Shares of The Trade Desk (NASDAQ:TTD)

Financial Counselors Inc. grew its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,232 shares of the technology company's stock after buying an additional 5,641 shares during the quarter. Financial Counselors Inc.'s holdings in Trade Desk were worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after buying an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Trade Desk in the 1st quarter worth $995,000. Peregrine Capital Management LLC increased its stake in shares of Trade Desk by 40.2% in the 1st quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company's stock worth $31,731,000 after purchasing an additional 166,332 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock worth $5,015,035,000 after purchasing an additional 253,137 shares in the last quarter. Finally, Wealth Effects LLC increased its stake in shares of Trade Desk by 11.5% in the 1st quarter. Wealth Effects LLC now owns 64,742 shares of the technology company's stock worth $3,543,000 after purchasing an additional 6,684 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Down 1.9%

Shares of NASDAQ:TTD traded down $1.47 during trading on Friday, reaching $75.38. The company's stock had a trading volume of 5,948,202 shares, compared to its average volume of 6,405,412. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The firm's 50 day simple moving average is $71.96 and its two-hundred day simple moving average is $78.62. The stock has a market capitalization of $37.04 billion, a PE ratio of 91.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same quarter last year, the firm earned $0.26 EPS. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. Research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on TTD. Needham & Company LLC restated a "buy" rating and issued a $84.00 price objective on shares of Trade Desk in a research note on Friday, June 6th. JMP Securities restated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday, June 24th. Citizens Jmp reduced their price objective on Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Wells Fargo & Company lowered Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. Finally, UBS Group reduced their price objective on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Eight analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.27.

Insider Activity

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction dated 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 sale, the director owned 66,985 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the sale, the chief executive officer directly 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 position. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

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.