Quantinno Capital Management LP Buys 7,118 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Quantinno Capital Management LP grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,546 shares of the technology company's stock after acquiring an additional 7,118 shares during the quarter. Quantinno Capital Management LP's holdings in Trade Desk were worth $8,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk during the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC grew its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after buying an additional 117 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Trade Desk during the 4th quarter worth $34,000. Zions Bancorporation N.A. increased its stake in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after acquiring an additional 175 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Trade Desk in the 4th quarter valued at $35,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 17,018 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value 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 $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Trade Desk Price Performance

Shares of Trade Desk stock traded down $1.19 on Friday, hitting $76.31. 6,522,133 shares of the company's stock traded hands, compared to its average volume of 5,943,725. The company has a fifty day moving average of $56.12 and a two-hundred day moving average of $93.70. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The company has a market capitalization of $37.86 billion, a price-to-earnings ratio of 97.83, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets decreased their price target on Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Rosenblatt Securities assumed coverage on shares of Trade Desk in a report on Tuesday, April 29th. They issued a "buy" rating and a $77.00 target price on the stock. JMP Securities cut their price target on shares of Trade Desk from $115.00 to $100.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. Scotiabank decreased their price objective on shares of Trade Desk from $133.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Finally, Morgan Stanley boosted their price objective on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. 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 price target of $98.88.

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.