Prosperity Wealth Management Inc. Has $669,000 Stake in The Trade Desk (NASDAQ:TTD)

Prosperity Wealth Management Inc. raised its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 199.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,235 shares of the technology company's stock after buying an additional 8,145 shares during the quarter. Prosperity Wealth Management Inc.'s holdings in Trade Desk were worth $669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lyell Wealth Management LP grew its holdings in shares of Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock valued at $11,558,000 after purchasing an additional 19,204 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Trade Desk by 3,876.8% during the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after purchasing an additional 89,671 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Trade Desk by 46.3% during the fourth quarter. Allworth Financial LP now owns 5,470 shares of the technology company's stock valued at $660,000 after purchasing an additional 1,732 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Trade Desk during the first quarter valued at approximately $995,000. Finally, Vontobel Holding Ltd. grew its holdings in shares of Trade Desk by 17.9% during the fourth quarter. Vontobel Holding Ltd. now owns 13,020 shares of the technology company's stock valued at $1,530,000 after purchasing an additional 1,974 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Down 0.6%

Shares of TTD traded down $0.43 during mid-day trading on Friday, reaching $68.23. The company's stock had a trading volume of 7,820,559 shares, compared to its average volume of 6,239,444. The business has a fifty day moving average of $65.54 and a 200 day moving average of $84.33. The company has a market cap of $33.53 billion, a price-to-earnings ratio of 83.21, a price-to-earnings-growth ratio of 3.13 and a beta of 1.41. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

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 (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 during the quarter, compared to analyst estimates of $575.62 million. During the same period last year, the company earned $0.26 earnings per share. Trade Desk's quarterly revenue was up 25.4% compared to the same quarter last year. On average, analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTD shares. Royal Bank Of Canada decreased their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Citigroup increased their price objective on Trade Desk from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Guggenheim decreased their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, UBS Group decreased their price target on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and a consensus price target of $97.15.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction 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 transaction, the director now directly owns 66,985 shares in the company, valued at $5,350,761.80. The trade was 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 owned by corporate insiders.

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.