Wilbanks Smith & Thomas Asset Management LLC Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,640 shares of the technology company's stock, valued at approximately $838,000.

Several other hedge funds have also made changes to their positions in the stock. 9258 Wealth Management LLC lifted its stake in shares of Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company's stock valued at $476,000 after buying an additional 131 shares during the period. Latitude Advisors LLC raised its position in Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company's stock worth $220,000 after purchasing an additional 133 shares in the last quarter. Level Financial Advisors Inc. raised its position in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company's stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Mutual Advisors LLC raised its position in Trade Desk by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company's stock worth $324,000 after purchasing an additional 156 shares in the last quarter. Finally, Choreo LLC raised its position in Trade Desk by 2.2% in the fourth quarter. Choreo LLC now owns 7,491 shares of the technology company's stock worth $539,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

TTD stock traded up $0.47 during trading on Friday, reaching $88.59. 3,776,118 shares of the company were exchanged, compared to its average volume of 4,432,331. The company has a 50-day moving average of $83.69 and a two-hundred day moving average of $75.83. The company has a market capitalization of $43.32 billion, a price-to-earnings ratio of 246.09, a P/E/G ratio of 4.71 and a beta of 1.50. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $94.00.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jay R. Grant sold 2,136 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathryn E. Falberg sold 103,030 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the sale, the director now owns 242,609 shares of the company's stock, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 642,170 shares of company stock valued at $53,970,398. Corporate insiders own 10.18% of the company's stock.

Analyst Ratings Changes

TTD has been the subject of several recent research reports. Jefferies Financial Group raised shares of Trade Desk from a "hold" rating to a "buy" rating and increased their price target for the stock from $95.00 to $105.00 in a research report on Thursday. Piper Sandler raised their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. KeyCorp lifted their price target on shares of Trade Desk from $84.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. Benchmark boosted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the company a "sell" rating in a research report on Friday, February 16th. Finally, Seaport Res Ptn reiterated a "neutral" rating on shares of Trade Desk in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.38.

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.