Leibman Financial Services Inc. Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Leibman Financial Services Inc. raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,332 shares of the technology company's stock after buying an additional 13,939 shares during the quarter. Trade Desk accounts for 1.7% of Leibman Financial Services Inc.'s investment portfolio, making the stock its 28th largest holding. Leibman Financial Services Inc.'s holdings in Trade Desk were worth $2,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new stake in Trade Desk during the 4th quarter valued at $25,000. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk during the fourth quarter worth about $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the 4th quarter worth about $34,000. Zions Bancorporation N.A. lifted its position in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after acquiring an additional 175 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Trade Desk during the 4th quarter valued at about $35,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

Trade Desk stock traded up $1.65 during mid-day trading on Wednesday, hitting $76.05. 4,940,932 shares of the company traded hands, compared to its average volume of 6,045,619. The stock has a fifty day moving average price of $60.48 and a 200-day moving average price of $89.60. The stock has a market cap of $37.37 billion, a price-to-earnings ratio of 97.50, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The business had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. During the same quarter last year, the business posted $0.26 earnings per share. The company's revenue for the quarter was up 25.4% on a year-over-year basis. Sell-side analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk 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 transaction, the chief executive officer now directly owns 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Oppenheimer raised their target price on Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Royal Bank of Canada cut their price objective on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wedbush reiterated an "outperform" rating and issued a $86.00 target price (up previously from $80.00) on shares of Trade Desk in a report on Friday, May 9th. Rosenblatt Securities began coverage on shares of Trade Desk in a research report on Tuesday, April 29th. They set a "buy" rating and a $77.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.12.

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.