J.W. Cole Advisors Inc. Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

J.W. Cole Advisors Inc. lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 187.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,998 shares of the technology company’s stock after buying an additional 10,430 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Trade Desk were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTD. Apella Capital LLC raised its stake in Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after buying an additional 100 shares in the last quarter. RFP Financial Group LLC increased its holdings in shares of Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after acquiring an additional 116 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of Trade Desk by 2.0% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock valued at $612,000 after acquiring an additional 125 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in Trade Desk by 4.5% during the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after purchasing an additional 127 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in Trade Desk by 3.2% in the second quarter. Mayflower Financial Advisors LLC now owns 4,187 shares of the technology company’s stock worth $409,000 after purchasing an additional 129 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $106.06 on Monday. The firm’s 50 day moving average is $97.94 and its 200-day moving average is $92.22. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $107.64. The stock has a market capitalization of $52.14 billion, a P/E ratio of 265.16, a P/E/G ratio of 5.03 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TTD shares. Benchmark increased their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Wolfe Research assumed coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company. Loop Capital increased their price target on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, BTIG Research boosted their price objective on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.05.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the transaction, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Gokul Rajaram sold 2,415 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at $9,887,713. The disclosure for this sale can be found here. Insiders have sold 599,163 shares of company stock valued at $61,246,529 over the last three months. Company insiders own 10.18% of the company’s stock.

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.