The Trade Desk (NASDAQ:TTD) Shares Acquired by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC grew its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,811 shares of the technology company's stock after buying an additional 57,949 shares during the period. Trade Desk accounts for about 2.1% of Jacobson & Schmitt Advisors LLC's investment portfolio, making the stock its 26th largest position. Jacobson & Schmitt Advisors LLC's holdings in Trade Desk were worth $10,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Trade Desk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock valued at $5,015,035,000 after purchasing an additional 253,137 shares during the period. Brown Advisory Inc. boosted its stake in shares of Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after purchasing an additional 5,387,339 shares during the period. Invesco Ltd. boosted its stake in shares of Trade Desk by 2.6% during the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after purchasing an additional 198,822 shares during the period. Norges Bank purchased a new stake in shares of Trade Desk during the fourth quarter valued at $524,187,000. Finally, FMR LLC lifted its stake in Trade Desk by 44.8% in the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares during the period. Institutional investors own 67.77% of the company's stock.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the business's 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 sale, the chief executive officer directly owned 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Wells sold 28,638 shares of the business'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 sale, the director 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 disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Wedbush reissued an "outperform" rating and set a $86.00 price target on shares of Trade Desk in a research report on Tuesday. KeyCorp increased their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday. JMP Securities reissued a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research report on Tuesday, June 24th. Finally, Macquarie increased their price target on shares of Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $98.48.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded up $0.31 during trading on Thursday, hitting $81.44. 111,165,841 shares of the company were exchanged, compared to its average volume of 7,084,473. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company has a fifty day moving average price of $73.35 and a 200-day moving average price of $77.71. The firm has a market capitalization of $40.02 billion, a PE ratio of 99.32, a P/E/G ratio of 3.69 and a beta of 1.36.

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 the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company's quarterly revenue was up 25.4% compared to the same quarter last year. Research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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.