Kazazian Asset Management LLC Invests $348,000 in The Trade Desk (NASDAQ:TTD)

Kazazian Asset Management LLC acquired a new position in shares of The Trade Desk (NASDAQ:TTD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,362 shares of the technology company’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC boosted its position in Trade Desk by 17.2% during the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company’s stock valued at $120,000 after purchasing an additional 150 shares during the last quarter. Brighton Jones LLC boosted its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Peterson Wealth Services boosted its position in Trade Desk by 2.2% during the first quarter. Peterson Wealth Services now owns 8,992 shares of the technology company’s stock valued at $492,000 after purchasing an additional 190 shares during the last quarter. Huntington National Bank boosted its position in Trade Desk by 11.2% during the fourth quarter. Huntington National Bank now owns 1,923 shares of the technology company’s stock valued at $226,000 after purchasing an additional 194 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its position in Trade Desk by 2.6% during the fourth quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company’s stock valued at $921,000 after purchasing an additional 200 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director directly owned 66,985 shares of the company’s stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer directly owned 17,018 shares of the company’s stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTD shares. UBS Group reissued a “buy” rating and set a $105.00 price target (up from $80.00) on shares of Trade Desk in a research report on Wednesday, July 16th. Rosenblatt Securities raised their price objective on Trade Desk from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, June 6th. HSBC set a $75.00 price objective on Trade Desk and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Wedbush reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Trade Desk in a research report on Tuesday, July 15th. Finally, Macquarie raised their price objective on Trade Desk from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $100.09.

Trade Desk Trading Down 1.0%

Shares of TTD opened at $86.08 on Friday. The company has a market capitalization of $42.30 billion, a PE ratio of 104.98, a PEG ratio of 3.95 and a beta of 1.36. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock’s 50-day moving average price is $75.63 and its two-hundred day moving average price is $74.76.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Equities research analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

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.