Motley Fool Asset Management LLC Buys 843 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Motley Fool Asset Management LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,525 shares of the technology company’s stock after purchasing an additional 843 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Trade Desk were worth $1,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTD. NBC Securities Inc. acquired a new position in Trade Desk in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trade Desk during the 3rd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new position in Trade Desk during the third quarter worth $29,000. Level Financial Advisors Inc. grew its holdings in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Ancora Advisors LLC increased its stake in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold 492,170 shares of company stock worth $41,250,398 over the last 90 days. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Stock Up 1.7 %

NASDAQ:TTD traded up $1.39 during mid-day trading on Friday, hitting $84.73. 2,943,651 shares of the stock traded hands, compared to its average volume of 4,514,867. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $94.00. The company has a market cap of $41.43 billion, a PE ratio of 236.01, a price-to-earnings-growth ratio of 4.62 and a beta of 1.50. The business’s 50-day moving average price is $83.55 and its 200 day moving average price is $75.73.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The business had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. Analysts anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTD. Oppenheimer boosted their price objective on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Susquehanna upped their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Benchmark upped their target price on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. Finally, Stifel Nicolaus lifted their price target on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.75.

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.