SRS Capital Advisors Inc. Buys 1,109 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

SRS Capital Advisors Inc. boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 92.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the technology company’s stock after purchasing an additional 1,109 shares during the period. SRS Capital Advisors Inc.’s holdings in Trade Desk were worth $271,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bailard Inc. bought a new stake in Trade Desk in the 4th quarter worth approximately $1,700,000. Norden Group LLC grew its position in Trade Desk by 16.7% in the 4th quarter. Norden Group LLC now owns 2,398 shares of the technology company’s stock worth $282,000 after purchasing an additional 343 shares during the period. Smartleaf Asset Management LLC grew its position in Trade Desk by 26.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the technology company’s stock worth $330,000 after purchasing an additional 573 shares during the period. Metis Global Partners LLC grew its position in Trade Desk by 44.1% in the 4th quarter. Metis Global Partners LLC now owns 10,517 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 3,219 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at $503,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. Company insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $67.60 on Wednesday. The stock has a market capitalization of $33.54 billion, a price-to-earnings ratio of 86.67, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $64.56 and a 1 year high of $141.53. The business’s 50 day simple moving average is $108.51 and its 200-day simple moving average is $114.24.

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

Trade Desk announced that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $110.00 price objective (down previously from $140.00) on shares of Trade Desk in a research report on Thursday, February 13th. Loop Capital cut their price objective on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. KeyCorp boosted their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus cut their price objective on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.45.

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.