Motley Fool Asset Management LLC Acquires 3,284 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Motley Fool Asset Management LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,647 shares of the technology company’s stock after buying an additional 3,284 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Trade Desk were worth $3,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTD. Rockefeller Capital Management L.P. grew its stake in shares of Trade Desk by 6.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,836 shares of the technology company’s stock valued at $4,697,000 after buying an additional 2,516 shares during the period. Captrust Financial Advisors grew its stake in Trade Desk by 2.3% in the third quarter. Captrust Financial Advisors now owns 14,404 shares of the technology company’s stock valued at $1,579,000 after acquiring an additional 322 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Trade Desk during the third quarter valued at approximately $255,000. Benjamin Edwards Inc. raised its position in shares of Trade Desk by 2,471.7% during the third quarter. Benjamin Edwards Inc. now owns 28,957 shares of the technology company’s stock worth $3,175,000 after purchasing an additional 27,831 shares during the period. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Trade Desk by 112.1% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,286 shares of the technology company’s stock worth $580,000 after purchasing an additional 2,794 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TTD shares. Truist Financial lowered their price objective on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Loop Capital dropped their price target on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wolfe Research lifted their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Cantor Fitzgerald lowered their price objective on Trade Desk from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, Susquehanna cut their target price on Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.38.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $49.08 on Friday. The Trade Desk, Inc. has a 52-week low of $48.64 and a 52-week high of $141.53. The stock’s 50-day simple moving average is $79.58 and its 200 day simple moving average is $106.96. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 62.92, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.