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

TD Private Client Wealth LLC grew its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 380.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TTD. Brighton Jones LLC lifted its stake in 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 acquiring an additional 169 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Trade Desk in the 4th quarter valued at about $23,484,000. Larson Financial Group LLC grew its holdings in Trade Desk by 283.1% during the fourth quarter. Larson Financial Group LLC now owns 613 shares of the technology company's stock worth $72,000 after purchasing an additional 453 shares during the period. AlphaQuest LLC increased its position in Trade Desk by 410.1% during the fourth quarter. AlphaQuest LLC now owns 3,958 shares of the technology company's stock worth $465,000 after buying an additional 3,182 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trade Desk by 16.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,223 shares of the technology company's stock worth $17,068,000 after buying an additional 20,121 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Price Performance

NASDAQ TTD traded up $1.22 during mid-day trading on Thursday, reaching $76.85. 6,681,148 shares of the stock were exchanged, compared to its average volume of 6,387,193. The stock has a market cap of $37.77 billion, a P/E ratio of 93.72, a P/E/G ratio of 3.40 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock has a 50 day simple moving average of $71.06 and a 200-day simple moving average of $79.26.

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 company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm's revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Sell-side analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTD. Wedbush reiterated an "outperform" rating and set a $86.00 target price (up from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. KeyCorp upped their price objective on shares of Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. DA Davidson cut their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Guggenheim reduced their target price on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target on the stock in a report on Friday, June 27th. Eight investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $97.27.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction that occurred 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 owned 17,018 shares in the company, valued at $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 available through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the business's stock in a transaction dated 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 sale, the director directly 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 disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

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.