Moran Wealth Management LLC Buys Shares of 112,870 The Trade Desk (NASDAQ:TTD)

Moran Wealth Management LLC bought a new position in The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 112,870 shares of the technology company's stock, valued at approximately $6,176,000.

Several other large investors have also made changes to their positions in TTD. Investment Management Corp VA ADV acquired a new stake in Trade Desk during the fourth quarter worth about $25,000. Rialto Wealth Management LLC acquired a new stake in Trade Desk during the 4th quarter worth approximately $26,000. Zions Bancorporation N.A. raised its holdings in Trade Desk by 148.3% in the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after buying an additional 175 shares during the period. Park Square Financial Group LLC acquired a new position in Trade Desk during the fourth quarter valued at approximately $47,000. Finally, BNP Paribas purchased a new stake in Trade Desk during the fourth quarter worth approximately $50,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares of the company's stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 directly owns 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TTD shares. Wells Fargo & Company cut their target price on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. JMP Securities reiterated a "market outperform" rating and issued a $100.00 price target on shares of Trade Desk in a report on Tuesday. Citigroup raised their price objective on Trade Desk from $63.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, May 9th. UBS Group decreased their target price on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, HSBC set a $75.00 target price on Trade Desk and gave the company a "buy" rating in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.15.

Trade Desk Stock Down 2.8%

TTD stock traded down $2.04 during trading on Wednesday, hitting $69.80. 5,793,181 shares of the company's stock traded hands, compared to its average volume of 6,248,191. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 85.12, a price-to-earnings-growth ratio of 3.16 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 stock has a fifty day moving average price of $66.40 and a two-hundred day moving average price of $83.40.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share 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 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 prior year, the firm earned $0.26 EPS. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities research analysts expect that The Trade Desk will post 1.06 EPS 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.