PFG Investments LLC Boosts Stock Holdings in The Trade Desk (NASDAQ:TTD)

PFG Investments LLC boosted its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 233.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,290 shares of the technology company's stock after buying an additional 6,507 shares during the quarter. PFG Investments LLC's holdings in Trade Desk were worth $508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Trade Desk in the fourth quarter worth $524,187,000. Brown Advisory Inc. boosted its position in Trade Desk by 3,037.0% in the fourth quarter. Brown Advisory Inc. now owns 2,714,955 shares of the technology company's stock worth $319,089,000 after purchasing an additional 2,628,409 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Trade Desk during the 4th quarter valued at about $231,570,000. Franklin Resources Inc. increased its position in shares of Trade Desk by 265.9% during the 4th quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock valued at $219,121,000 after purchasing an additional 1,354,891 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after purchasing an additional 1,172,082 shares during the period. Institutional investors own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In other 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 transaction of $2,135,520.52. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 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. Company insiders own 9.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Benchmark raised shares of Trade Desk from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. KeyCorp raised their target price on Trade Desk from $67.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Morgan Stanley lifted their target price on Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company reduced their price target on Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Seven 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, Trade Desk presently has a consensus rating of "Moderate Buy" and an average price target of $97.15.

Trade Desk Trading Up 4.3%

Shares of NASDAQ:TTD traded up $2.97 during trading on Tuesday, reaching $71.84. The company's stock had a trading volume of 6,172,546 shares, compared to its average volume of 6,249,977. The stock has a market capitalization of $35.31 billion, a PE ratio of 87.61, a price-to-earnings-growth ratio of 3.16 and a beta of 1.41. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The firm's 50 day simple moving average is $66.40 and its two-hundred day simple moving average is $83.40.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted 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 business had revenue of $616.02 million during 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 company's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

About Trade Desk

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.