Trade Desk Inc (NASDAQ:TTD) is Braun Stacey Associates Inc.’s 8th Largest Position
Braun Stacey Associates Inc. raised its stake in shares of Trade Desk Inc (NASDAQ:TTD) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 99,887 shares of the technology company’s stock after buying an additional 1,102 shares during the period. Trade Desk comprises about 1.4% of Braun Stacey Associates Inc.’s portfolio, making the stock its 8th largest holding. Braun Stacey Associates Inc.’s holdings in Trade Desk were worth $25,948,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new position in shares of Trade Desk during the 2nd quarter valued at about $27,000. Quest Capital Management Inc. ADV acquired a new stake in Trade Desk in the 3rd quarter worth about $30,000. Wealthcare Advisory Partners LLC boosted its holdings in Trade Desk by 560.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 165 shares of the technology company’s stock worth $31,000 after buying an additional 140 shares during the last quarter. Private Capital Group LLC boosted its holdings in Trade Desk by 76.2% in the 2nd quarter. Private Capital Group LLC now owns 430 shares of the technology company’s stock worth $40,000 after buying an additional 186 shares during the last quarter. Finally, Manchester Financial Inc. acquired a new stake in Trade Desk in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 65.66% of the company’s stock.
Several equities research analysts recently issued reports on the company. Wells Fargo & Co lifted their price objective on Trade Desk from $240.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. They noted that the move was a valuation call. ValuEngine cut Trade Desk from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Pivotal Research boosted their target price on Trade Desk from $250.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. SunTrust Banks restated a “buy” rating and set a $285.00 target price on shares of Trade Desk in a report on Wednesday, November 6th. Finally, Oppenheimer boosted their target price on Trade Desk from $260.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $244.24.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.06). The firm had revenue of $164.20 million for the quarter, compared to analysts’ expectations of $164.26 million. Trade Desk had a net margin of 15.99% and a return on equity of 20.31%. As a group, equities research analysts expect that Trade Desk Inc will post 1.99 earnings per share for the current year.
In other news, CMO Susan Vobejda sold 1,754 shares of Trade Desk stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $203.59, for a total transaction of $357,096.86. Following the sale, the chief marketing officer now owns 34,833 shares of the company’s stock, valued at approximately $7,091,650.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vivian Yang sold 3,405 shares of Trade Desk stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $205.50, for a total transaction of $699,727.50. Following the sale, the insider now directly owns 43,727 shares in the company, valued at approximately $8,985,898.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 233,949 shares of company stock worth $57,291,234. Corporate insiders own 17.44% of the company’s stock.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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