Advisory Resource Group Acquires 9,202 Shares of The Trade Desk (NASDAQ:TTD)

Advisory Resource Group raised its position in The Trade Desk (NASDAQ:TTD - Free Report) by 100.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,371 shares of the technology company's stock after buying an additional 9,202 shares during the period. Advisory Resource Group's holdings in Trade Desk were worth $1,005,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTD. Envestnet Portfolio Solutions Inc. raised its stake in shares of Trade Desk by 22.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 107,923 shares of the technology company's stock worth $5,906,000 after purchasing an additional 20,145 shares during the period. Institute for Wealth Management LLC. increased its holdings in Trade Desk by 41.3% during the first quarter. Institute for Wealth Management LLC. now owns 17,130 shares of the technology company's stock worth $937,000 after buying an additional 5,007 shares during the last quarter. PSI Advisors LLC raised its position in Trade Desk by 631.4% in the first quarter. PSI Advisors LLC now owns 3,218 shares of the technology company's stock worth $176,000 after acquiring an additional 2,778 shares during the period. Roman Butler Fullerton & Co. purchased a new position in Trade Desk in the first quarter valued at about $225,000. Finally, Cornerstone Wealth Management LLC boosted its stake in Trade Desk by 5.1% in the first quarter. Cornerstone Wealth Management LLC now owns 4,204 shares of the technology company's stock valued at $230,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

NASDAQ:TTD traded down $0.43 during trading hours on Friday, hitting $68.23. The stock had a trading volume of 7,820,559 shares, compared to its average volume of 6,239,444. The company has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $84.33. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 83.21, a P/E/G ratio of 3.13 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTD shares. Wedbush reaffirmed an "outperform" rating and issued a $86.00 price target (up previously from $80.00) on shares of Trade Desk in a report on Friday, May 9th. Macquarie upped their price target on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. KeyCorp increased their price target on Trade Desk from $67.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. 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. Finally, Rosenblatt Securities upped their price objective on shares of Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 6th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.15.

Insider Transactions at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction 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 sale, the director now directly owns 66,985 shares of the company's stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the chief executive officer now directly owns 17,018 shares of the company's stock, valued at $1,361,950.54. This represents 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 currently owned by 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.