Uniting Wealth Partners LLC Takes Position in The Trade Desk (NASDAQ:TTD)

Uniting Wealth Partners LLC purchased a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the technology company's stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in Trade Desk by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company's stock worth $109,450,000 after acquiring an additional 156,703 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in Trade Desk by 59.1% during the 1st quarter. Transcend Capital Advisors LLC now owns 9,779 shares of the technology company's stock worth $535,000 after acquiring an additional 3,633 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in Trade Desk during the 1st quarter worth $104,000. CNB Bank raised its stake in Trade Desk by 8.9% during the 1st quarter. CNB Bank now owns 5,683 shares of the technology company's stock worth $311,000 after acquiring an additional 466 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its position in Trade Desk by 11.1% during the 1st quarter. Pure Financial Advisors LLC now owns 4,944 shares of the technology company's stock worth $271,000 after purchasing an additional 495 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were 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 owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the company's 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 transaction, the director now directly owns 66,985 shares of the company's stock, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.74% of the company's stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $69.33 on Friday. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company has a market capitalization of $34.07 billion, a PE ratio of 84.55, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. The firm's 50-day moving average is $67.56 and its two-hundred day moving average is $82.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company's revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent research reports. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research note on Tuesday, April 29th. Cfra Research upgraded shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Royal Bank Of Canada dropped their price objective on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group dropped their price objective on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Wedbush restated an "outperform" rating and issued a $86.00 price objective (up from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, Trade Desk has an average rating of "Moderate Buy" and a consensus price target of $97.03.

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.

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