Symmetry Investments LP Invests $2.75 Million in The Trade Desk, Inc. (NASDAQ:TTD)

Symmetry Investments LP acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,400 shares of the technology company's stock, valued at approximately $2,750,000.

Several other hedge funds have also modified their holdings of the stock. Advisory Resource Group lifted its stake in shares of Trade Desk by 1.0% in the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 101 shares during the period. Anchor Investment Management LLC raised its position in shares of Trade Desk by 357.9% in the 3rd quarter. Anchor Investment Management LLC now owns 870 shares of the technology company's stock valued at $95,000 after acquiring an additional 680 shares during the period. World Investment Advisors LLC boosted its stake in Trade Desk by 10.0% during the 3rd quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company's stock worth $970,000 after acquiring an additional 803 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Trade Desk in the third quarter valued at approximately $1,194,000. Finally, Synovus Financial Corp acquired a new stake in Trade Desk in the third quarter worth $245,000. 67.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.72% of the company's stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded down $0.41 during midday trading on Monday, hitting $53.56. 2,820,199 shares of the stock were exchanged, compared to its average volume of 5,359,602. The business's 50-day moving average price is $57.70 and its 200 day moving average price is $99.27. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a market capitalization of $26.57 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

TTD has been the topic of several recent analyst reports. BMO Capital Markets reduced their target price on Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Cfra Research raised shares of Trade Desk to a "moderate buy" rating in a research report on Tuesday, March 25th. Robert W. Baird dropped their price target on Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley decreased their price objective on Trade Desk from $132.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, KeyCorp cut their target price on Trade Desk from $74.00 to $67.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $101.34.

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.