Lifestyle Asset Management Inc. Acquires Shares of 2,306 The Trade Desk, Inc. (NASDAQ:TTD)

Lifestyle Asset Management Inc. bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,306 shares of the technology company’s stock, valued at approximately $271,000.

Several other hedge funds have also modified their holdings of the business. Edgewood Management LLC raised its position in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Trade Desk by 55.3% during the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock worth $169,892,000 after buying an additional 551,925 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Down 1.3 %

Shares of TTD stock opened at $119.14 on Friday. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53. The firm’s 50 day moving average price is $125.80 and its two-hundred day moving average price is $113.33. 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 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The business had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, equities analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 549,684 shares of company stock valued at $68,444,576 over the last quarter. Company insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JMP Securities started coverage on shares of Trade Desk in a report on Tuesday. They set a “mkt outperform” rating and a $150.00 target price for the company. BMO Capital Markets raised their price objective on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Robert W. Baird upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. DA Davidson raised their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Loop Capital upped their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

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.