Malaga Cove Capital LLC Increases Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Malaga Cove Capital LLC boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,740 shares of the technology company’s stock after purchasing an additional 173 shares during the period. Malaga Cove Capital LLC’s holdings in Trade Desk were worth $2,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after purchasing an additional 6,978,352 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after buying an additional 1,979,319 shares during the period. Eagle Asset Management Inc. purchased a new position in Trade Desk during the 3rd quarter valued at about $99,035,000. International Assets Investment Management LLC grew its position in Trade Desk by 6,600.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock valued at $78,549,000 after acquiring an additional 1,075,269 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Trade Desk by 81.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock worth $105,472,000 after purchasing an additional 659,337 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Up 0.5 %

Shares of Trade Desk stock traded up $0.47 during trading hours on Friday, reaching $88.59. 3,778,002 shares of the company’s stock were exchanged, compared to its average volume of 2,871,066. The company has a fifty day moving average of $83.69 and a 200-day moving average of $75.80. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00. The firm has a market capitalization of $43.32 billion, a price-to-earnings ratio of 246.09, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Activity

In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now directly owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Kathryn E. Falberg sold 103,030 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now directly owns 242,609 shares of the company’s stock, valued at $19,869,677.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold 642,170 shares of company stock worth $53,970,398 over the last 90 days. Company insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TTD shares. Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $105.00 in a research note on Thursday. KeyCorp lifted their price target on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. BTIG Research increased their price objective on shares of Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Finally, Stifel Nicolaus increased their target price on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.38.

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.