The Trade Desk (NASDAQ:TTD) Stock Holdings Increased by Wealth Effects LLC

Wealth Effects LLC increased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,742 shares of the technology company's stock after purchasing an additional 6,684 shares during the period. Trade Desk makes up 1.5% of Wealth Effects LLC's portfolio, making the stock its 10th largest holding. Wealth Effects LLC's holdings in Trade Desk were worth $3,543,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its holdings in Trade Desk by 133.0% during the 1st quarter. Perigon Wealth Management LLC now owns 13,003 shares of the technology company's stock valued at $712,000 after acquiring an additional 7,422 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Trade Desk during the first quarter worth $35,000. HBK Sorce Advisory LLC boosted its stake in shares of Trade Desk by 11.7% during the first quarter. HBK Sorce Advisory LLC now owns 6,381 shares of the technology company's stock valued at $349,000 after purchasing an additional 667 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Trade Desk by 143.5% during the first quarter. Pinnacle Bancorp Inc. now owns 728 shares of the technology company's stock valued at $40,000 after purchasing an additional 429 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Trade Desk by 59.3% in the first quarter. Bessemer Group Inc. now owns 12,930 shares of the technology company's stock worth $708,000 after purchasing an additional 4,811 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTD. Royal Bank Of Canada lowered their price objective 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. KeyCorp boosted their price target on Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. 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. Guggenheim decreased their target price on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $100.00 target price on shares of Trade Desk in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.03.

Insider Buying and Selling

In related news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now owns 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total value 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 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 owned by company insiders.

Trade Desk Stock Down 2.6%

Shares of Trade Desk stock traded down $1.78 during trading on Thursday, reaching $68.02. The company's stock had a trading volume of 9,535,985 shares, compared to its average volume of 6,275,812. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a 50-day simple moving average of $66.83 and a two-hundred day simple moving average of $83.30. The company has a market cap of $33.43 billion, a price-to-earnings ratio of 82.95, a P/E/G ratio of 3.30 and a beta of 1.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly 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 company had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same period last year, the business posted $0.26 earnings per share. The firm's revenue was up 25.4% compared to the same quarter last year. As a group, analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk 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.