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

TD Private Client Wealth LLC increased its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 380.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,855 shares of the technology company's stock after acquiring an additional 9,390 shares during the period. TD Private Client Wealth LLC's holdings in Trade Desk were worth $649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTD. Centurion Wealth Management LLC boosted 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 valued at $443,000 after buying an additional 96 shares during the period. Great Lakes Advisors LLC boosted 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 valued at $817,000 after buying an additional 116 shares during the period. Douglass Winthrop Advisors LLC boosted 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 valued at $525,000 after buying an additional 117 shares during the period. Anchor Investment Management LLC boosted 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 valued at $120,000 after buying an additional 150 shares during the period. Finally, Brighton Jones LLC boosted its holdings in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTD. Wells Fargo & Company cut Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. UBS Group dropped their price objective on Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Royal Bank Of Canada dropped their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citizens Jmp dropped their price objective on Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Wedbush restated an "outperform" rating and set a $86.00 target price (up previously from $80.00) on shares of Trade Desk in a report on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $97.27.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director 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. 9.74% of the stock is owned by company insiders.

Trade Desk Trading Down 1.9%

TTD traded down $1.47 during midday trading on Friday, hitting $75.38. 5,948,202 shares of the company were exchanged, compared to its average volume of 6,418,448. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 91.93, a price-to-earnings-growth ratio of 3.46 and a beta of 1.36. The company's 50 day simple moving average is $71.96 and its 200 day simple moving average is $77.99.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. During the same period last year, the firm earned $0.26 EPS. The company's quarterly revenue was up 25.4% on a year-over-year basis. On average, equities analysts anticipate that The Trade Desk will post 1.06 EPS 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.