Harbor Capital Advisors Inc. Buys 9,079 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Harbor Capital Advisors Inc. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 189.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,873 shares of the technology company's stock after acquiring an additional 9,079 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Trade Desk were worth $759,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after acquiring an additional 169 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Trade Desk by 5.4% in the fourth quarter. Yousif Capital Management LLC now owns 5,856 shares of the technology company's stock valued at $688,000 after buying an additional 300 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock valued at $456,000 after buying an additional 84 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Trade Desk by 0.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 259,018 shares of the technology company's stock worth $31,442,000 after purchasing an additional 1,544 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in Trade Desk by 17.9% during the 4th quarter. Vontobel Holding Ltd. now owns 13,020 shares of the technology company's stock worth $1,530,000 after purchasing an additional 1,974 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated 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 now owns 17,018 shares of the company's stock, valued at $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction that occurred 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 sale, the director now directly owns 66,985 shares of the company's stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTD. Stifel Nicolaus lowered their price objective on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Citigroup lifted their target price on Trade Desk from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Benchmark raised Trade Desk from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Royal Bank of Canada dropped their price target on Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Guggenheim dropped their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $97.15.

Trade Desk Price Performance

TTD stock traded down $2.61 during midday trading on Friday, reaching $67.96. 6,699,048 shares of the company's stock traded hands, compared to its average volume of 6,150,822. The company has a market capitalization of $33.40 billion, a P/E ratio of 87.13, a PEG ratio of 3.11 and a beta of 1.41. The Trade Desk, Inc. has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The business has a 50-day moving average price of $63.73 and a two-hundred day moving average price of $86.89.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business 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 company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. As a group, research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

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.