MML Investors Services LLC Grows Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

MML Investors Services LLC raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,338 shares of the technology company's stock after purchasing an additional 24,201 shares during the period. MML Investors Services LLC's holdings in Trade Desk were worth $10,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Trade Desk during the fourth quarter worth $524,187,000. Raymond James Financial Inc. bought a new stake in Trade Desk during the fourth quarter valued at $231,570,000. Franklin Resources Inc. grew its holdings in Trade Desk by 265.9% during the 4th quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock worth $219,121,000 after acquiring an additional 1,354,891 shares during the period. FMR LLC raised its position in shares of Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Trade Desk in the 4th quarter valued at about $100,658,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTD. Oppenheimer lowered their target price on Trade Desk from $135.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. UBS Group lowered their price objective on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Morgan Stanley cut their target price on shares of Trade Desk from $132.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Finally, Loop Capital reduced their target price on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $101.34.

Trade Desk Stock Down 0.6 %

TTD traded down $0.33 during trading hours on Monday, hitting $53.64. The stock had a trading volume of 2,056,577 shares, compared to its average volume of 5,356,595. The Trade Desk, Inc. has a 1 year low of $42.96 and a 1 year high of $141.53. The company's fifty day simple moving average is $57.70 and its 200 day simple moving average is $99.27. The stock has a market cap of $26.61 billion, a PE ratio of 68.82, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56.

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

Trade Desk declared that its Board of Directors has authorized a share repurchase 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 purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are 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.