J.W. Cole Advisors Inc. Raises Stock Holdings in The Trade Desk (NASDAQ:TTD)

J.W. Cole Advisors Inc. boosted its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 42.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,153 shares of the technology company's stock after buying an additional 12,495 shares during the period. J.W. Cole Advisors Inc.'s holdings in Trade Desk were worth $2,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Anchor Investment Management LLC lifted its holdings in shares of Trade Desk by 17.2% in the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock valued at $120,000 after buying an additional 150 shares during the period. Brighton Jones LLC increased its position in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Zions Bancorporation N.A. increased its position in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares during the last quarter. Interchange Capital Partners LLC increased its position in Trade Desk by 4.4% in the 4th quarter. Interchange Capital Partners LLC now owns 4,202 shares of the technology company's stock worth $494,000 after purchasing an additional 179 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Trade Desk by 11.2% during the 4th quarter. Huntington National Bank now owns 1,923 shares of the technology company's stock valued at $226,000 after acquiring an additional 194 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Trade Desk Stock Down 0.2%

NASDAQ:TTD opened at $80.03 on Tuesday. The stock's 50 day moving average price is $73.96 and its two-hundred day moving average price is $76.62. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 97.60, a P/E/G ratio of 3.67 and a beta of 1.36. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group set a $125.00 price objective on Trade Desk and gave the company a "buy" rating in a report on Tuesday, April 29th. Morgan Stanley raised their target price on Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Piper Sandler lifted their price objective on Trade Desk from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. DA Davidson lowered their target price on Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Evercore ISI raised Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective for the company in a research note on Friday, June 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and an average price target of $98.48.

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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