World Equity Group Inc. Grows Stock Holdings in The Trade Desk (NASDAQ:TTD)

World Equity Group Inc. boosted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 93.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,161 shares of the technology company's stock after purchasing an additional 5,873 shares during the quarter. World Equity Group Inc.'s holdings in Trade Desk were worth $665,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Centurion Wealth Management LLC grew its holdings in Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after acquiring an additional 96 shares in the last quarter. Lane & Associates LLC boosted its holdings in shares of Trade Desk by 2.6% in the 4th quarter. Lane & Associates LLC now owns 4,256 shares of the technology company's stock valued at $505,000 after buying an additional 108 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of Trade Desk by 1.7% in the 4th quarter. Great Lakes Advisors LLC now owns 6,951 shares of the technology company's stock worth $817,000 after buying an additional 116 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Trade Desk by 2.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 4,464 shares of the technology company's stock worth $525,000 after buying an additional 117 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Trade Desk by 8.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,744 shares of the technology company's stock worth $226,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several recent analyst reports. Guggenheim lowered their target price on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citizens Jmp lowered their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Rosenblatt Securities raised their target price on shares of Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Needham & Company LLC restated a "buy" rating and issued a $84.00 target price on shares of Trade Desk in a research note on Friday, June 6th. Finally, Benchmark upgraded shares of Trade Desk from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $97.15.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $68.23 on Friday. The firm has a fifty day moving average price of $65.54 and a 200 day moving average price of $84.71. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The stock has a market cap of $33.53 billion, a PE ratio of 83.21, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last released 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. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. As a group, equities analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction dated 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 owns 66,985 shares of the company's stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction dated 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 position. The disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

Trade Desk Company 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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