Wealthcare Advisory Partners LLC Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Wealthcare Advisory Partners LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,743 shares of the technology company’s stock after purchasing an additional 1,136 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Trade Desk were worth $1,924,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after buying an additional 6,978,352 shares in the last quarter. Invesco Ltd. increased its holdings in Trade Desk by 9.6% during the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock worth $461,039,000 after purchasing an additional 517,842 shares during the period. Northern Trust Corp boosted its stake in shares of Trade Desk by 3.6% in the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock valued at $223,593,000 after buying an additional 98,286 shares during the period. ARK Investment Management LLC grew its position in shares of Trade Desk by 1,162.0% during the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after buying an additional 1,979,319 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Trade Desk by 17.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,937,962 shares of the technology company’s stock worth $151,452,000 after buying an additional 294,089 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Stephens reiterated an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. Piper Sandler increased their target price on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. KeyCorp increased their price target on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Oppenheimer raised their target price on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction 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. In the last 90 days, insiders have sold 642,170 shares of company stock worth $53,970,398. Company insiders own 10.18% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock traded down $0.34 during midday trading on Tuesday, hitting $91.02. 1,916,455 shares of the company traded hands, compared to its average volume of 4,392,222. The stock has a market cap of $44.50 billion, a price-to-earnings ratio of 253.78, a PEG ratio of 4.88 and a beta of 1.50. The firm’s fifty day moving average price is $83.87 and its 200-day moving average price is $75.91. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00.

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

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.