Captrust Financial Advisors Buys 8,554 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Captrust Financial Advisors lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 59.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,958 shares of the technology company's stock after buying an additional 8,554 shares during the period. Captrust Financial Advisors' holdings in Trade Desk were worth $2,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TTD. Cary Street Partners Financial LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at about $629,000. Brown Advisory Inc. lifted its stake in Trade Desk by 3,037.0% in the fourth quarter. Brown Advisory Inc. now owns 2,714,955 shares of the technology company's stock valued at $319,089,000 after buying an additional 2,628,409 shares during the period. Banque Transatlantique SA bought a new position in shares of Trade Desk during the 4th quarter worth approximately $56,000. Bank of America Corp DE grew its position in shares of Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock worth $422,150,000 after buying an additional 418,911 shares during the period. Finally, BNP Paribas acquired a new stake in shares of Trade Desk during the 4th quarter worth approximately $50,000. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTD has been the subject of several research analyst reports. Citizens Jmp decreased their price target 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. Robert W. Baird reduced their price objective on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. HSBC set a $75.00 target price on Trade Desk and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets decreased their price target on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $98.88.

Trade Desk Price Performance

Shares of Trade Desk stock traded up $8.36 during trading hours on Monday, reaching $79.40. The company had a trading volume of 32,452,875 shares, compared to its average volume of 5,868,232. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The firm has a market cap of $39.39 billion, a PE ratio of 101.79, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The business has a fifty day simple moving average of $54.88 and a 200 day simple moving average of $94.71.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results 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 return on equity of 16.38% and a net margin of 16.08%. The business had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company's quarterly revenue was up 25.4% compared to the same quarter last year. On average, research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

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.