LVZ Inc. Purchases 4,330 Shares of The Trade Desk (NASDAQ:TTD)

LVZ Inc. grew its position in The Trade Desk (NASDAQ:TTD - Free Report) by 149.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,230 shares of the technology company's stock after acquiring an additional 4,330 shares during the period. LVZ Inc.'s holdings in Trade Desk were worth $396,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Trade Desk during the 1st quarter worth $710,000. Kentucky Retirement Systems bought a new position in Trade Desk during the 1st quarter worth $1,668,000. World Equity Group Inc. raised its position in Trade Desk by 93.4% during the 1st quarter. World Equity Group Inc. now owns 12,161 shares of the technology company's stock worth $665,000 after purchasing an additional 5,873 shares during the last quarter. PFG Investments LLC raised its position in Trade Desk by 233.8% during the 1st quarter. PFG Investments LLC now owns 9,290 shares of the technology company's stock worth $508,000 after purchasing an additional 6,507 shares during the last quarter. Finally, Congress Park Capital LLC raised its position in Trade Desk by 30.0% during the 1st quarter. Congress Park Capital LLC now owns 47,524 shares of the technology company's stock worth $2,601,000 after purchasing an additional 10,968 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

TTD stock opened at $68.23 on Friday. The company has a market capitalization of $33.53 billion, a P/E ratio of 83.21, a price-to-earnings-growth ratio of 3.13 and a beta of 1.41. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The business has a 50-day simple moving average of $65.54 and a two-hundred day simple moving average of $84.33.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $575.62 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company's quarterly revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on TTD. Guggenheim lowered their target price on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Benchmark raised Trade Desk from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley lifted their price objective on Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Oppenheimer lifted their price objective on Trade Desk from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.15.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred 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 sale, the chief executive officer now owns 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David B. Wells sold 28,638 shares of Trade Desk 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 completion of the sale, the director now directly owns 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

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.

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