TD Private Client Wealth LLC Buys 9,390 Shares of The Trade Desk (NASDAQ:TTD)

TD Private Client Wealth LLC increased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 380.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,855 shares of the technology company's stock after buying an additional 9,390 shares during the quarter. TD Private Client Wealth LLC's holdings in Trade Desk were worth $649,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTD. Centurion Wealth Management LLC increased its holdings in Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after purchasing an additional 96 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Trade Desk by 1.7% in the 4th quarter. Great Lakes Advisors LLC now owns 6,951 shares of the technology company's stock valued at $817,000 after acquiring an additional 116 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Trade Desk by 2.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 4,464 shares of the technology company's stock valued at $525,000 after acquiring an additional 117 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of Trade Desk by 17.2% in the 4th quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock valued at $120,000 after acquiring an additional 150 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TTD shares. UBS Group decreased their price objective on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a report on Friday, April 11th. DA Davidson decreased their price objective on Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 9th. 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. JMP Securities restated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a report on Tuesday, June 24th. Finally, Oppenheimer raised their price objective on Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Eight research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.27.

Insider Buying and Selling

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 transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $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 SEC, which is available through this link. Also, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on 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 directly owned 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

Trade Desk Price Performance

NASDAQ:TTD traded down $1.63 during mid-day trading on Friday, reaching $75.22. The stock had a trading volume of 3,030,747 shares, compared to its average volume of 6,382,457. The stock has a 50-day simple moving average of $71.54 and a two-hundred day simple moving average of $78.95. The stock has a market capitalization of $36.97 billion, a PE ratio of 91.89, a P/E/G ratio of 3.47 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 announced its quarterly earnings data 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. The business had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The firm's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Equities analysts expect that The Trade Desk will post 1.06 EPS for the current 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.