WCG Wealth Advisors LLC Buys New Shares in The Trade Desk $TTD

WCG Wealth Advisors LLC bought a new stake in The Trade Desk (NASDAQ:TTD) in the fourth quarter, HoldingsChannel reports. The fund bought 30,245 shares of the technology company’s stock, valued at approximately $1,148,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTD. Brighton Jones LLC lifted its position in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of Trade Desk by 2.3% during the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after purchasing an additional 275 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Trade Desk by 3.6% during the third quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock worth $423,000 after purchasing an additional 298 shares in the last quarter. Tema Etfs LLC lifted its position in shares of Trade Desk by 4.1% during the fourth quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock worth $288,000 after purchasing an additional 302 shares in the last quarter. Finally, Visionary Wealth Advisors lifted its position in shares of Trade Desk by 3.3% during the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after purchasing an additional 327 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on TTD shares. Truist Financial set a $35.00 price target on shares of Trade Desk and gave the company a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Trade Desk in a report on Tuesday, March 17th. Citigroup reaffirmed a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. HSBC cut shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price target on the stock. in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.91.

Trade Desk Price Performance

TTD stock opened at $19.95 on Friday. The Trade Desk has a 1-year low of $19.74 and a 1-year high of $91.45. The firm has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $29.00. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.02 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. As a group, analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk declared that its board has approved a stock repurchase program on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.41% of the company’s stock.

Trade Desk Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.