TD Private Client Wealth LLC Grows Holdings in The Trade Desk (NASDAQ:TTD)

TD Private Client Wealth LLC grew its position in The Trade Desk (NASDAQ:TTD - Free Report) by 380.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 and other institutional investors also recently made changes to their positions in TTD. Centurion Wealth Management LLC increased its position in shares of Trade Desk by 2.6% during the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after acquiring an additional 96 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Trade Desk by 1.7% during the fourth quarter. Great Lakes Advisors LLC now owns 6,951 shares of the technology company's stock worth $817,000 after acquiring an additional 116 shares in the last quarter. Douglass Winthrop Advisors LLC increased its position in shares of Trade Desk by 2.7% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 4,464 shares of the technology company's stock worth $525,000 after acquiring an additional 117 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of Trade Desk by 17.2% during the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock worth $120,000 after acquiring an additional 150 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after acquiring an additional 169 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Royal Bank Of Canada decreased their target price on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Piper Sandler boosted their target price on shares of Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Rosenblatt Securities raised their price target on shares of Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, June 6th. UBS Group dropped their price target on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, JMP Securities reissued a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.27.

Insider Activity at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of the business's 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 owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. The trade was a 29.95% 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, CEO Jeffrey Terry Green sold 26,684 shares of the business's 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 transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

Trade Desk Price Performance

Shares of TTD traded down $1.47 during trading hours on Friday, hitting $75.38. The company's stock had a trading volume of 5,948,202 shares, compared to its average volume of 6,405,412. The company has a market cap of $37.04 billion, a price-to-earnings ratio of 91.93, a PEG ratio of 3.53 and a beta of 1.36. The business has a 50 day simple moving average of $71.96 and a two-hundred day simple moving average of $78.62. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company's revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. Research analysts predict that The Trade Desk will post 1.06 earnings per share for the current 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.