Koshinski Asset Management Inc. raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,380 shares of the technology company’s stock after acquiring an additional 436 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Trade Desk were worth $280,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Harbor Investment Advisory LLC raised its position in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares during the period. Zhang Financial LLC acquired a new stake in Trade Desk in the fourth quarter worth $409,000. Bridgewater Advisors Inc. boosted its position in shares of Trade Desk by 2.0% during the fourth quarter. Bridgewater Advisors Inc. now owns 10,326 shares of the technology company’s stock worth $1,206,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Trade Desk by 52.1% during the fourth quarter. UMB Bank n.a. now owns 774 shares of the technology company’s stock worth $91,000 after purchasing an additional 265 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in shares of Trade Desk by 6.7% in the 4th quarter. Diversify Advisory Services LLC now owns 4,150 shares of the technology company’s stock valued at $493,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $140.00 target price (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Wedbush boosted their price objective on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. KeyCorp upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, Loop Capital raised their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.13.
Trade Desk Price Performance
TTD stock opened at $119.14 on Friday. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The stock has a market cap of $58.80 billion, a price-to-earnings ratio of 195.31, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45. The company has a fifty day moving average price of $125.80 and a two-hundred day moving average price of $113.33.
Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter last year, the company posted $0.08 EPS. Research analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.
Insider Transactions at Trade Desk
In related news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the completion of the sale, the chief executive officer now owns 243,476 shares of the company’s stock, valued at $30,354,152.92. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 549,684 shares of company stock worth $68,444,576. Company insiders own 9.72% of the company’s stock.
Trade Desk 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.
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