First Allied Advisory Services Inc. lifted its holdings in Trade Desk Inc (NASDAQ:TTD) by 20.4% in the first quarter, Holdings Channel reports. The fund owned 3,766 shares of the technology company’s stock after purchasing an additional 638 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Trade Desk were worth $727,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in Trade Desk in the first quarter worth $25,000. Panagora Asset Management Inc. increased its position in Trade Desk by 254.8% during the fourth quarter. Panagora Asset Management Inc. now owns 110 shares of the technology company’s stock valued at $29,000 after acquiring an additional 79 shares during the last quarter. Signaturefd LLC raised its stake in shares of Trade Desk by 266.7% in the fourth quarter. Signaturefd LLC now owns 176 shares of the technology company’s stock valued at $46,000 after acquiring an additional 128 shares during the period. NEXT Financial Group Inc bought a new stake in shares of Trade Desk in the 1st quarter worth about $54,000. Finally, Sowell Financial Services LLC lifted its holdings in shares of Trade Desk by 131.7% in the 4th quarter. Sowell Financial Services LLC now owns 234 shares of the technology company’s stock worth $61,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 68.77% of the company’s stock.
NASDAQ:TTD opened at $307.60 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.96 and a quick ratio of 1.96. Trade Desk Inc has a 1-year low of $136.00 and a 1-year high of $327.35. The company has a 50-day moving average of $253.57 and a 200 day moving average of $253.40. The firm has a market cap of $14.02 billion, a PE ratio of 122.75, a price-to-earnings-growth ratio of 6.27 and a beta of 2.69.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.09 by $0.81. Trade Desk had a net margin of 17.44% and a return on equity of 20.65%. The business had revenue of $160.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 32.8% compared to the same quarter last year. Sell-side analysts anticipate that Trade Desk Inc will post 1.94 EPS for the current fiscal year.
In related news, CEO Jeffrey Terry Green sold 254,883 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $303.67, for a total transaction of $77,400,320.61. Following the completion of the sale, the chief executive officer now directly owns 473,116 shares in the company, valued at approximately $143,671,135.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Falk sold 28,825 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $280.22, for a total value of $8,077,341.50. Following the sale, the director now directly owns 10,640 shares in the company, valued at approximately $2,981,540.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 407,781 shares of company stock worth $120,285,565. 13.12% of the stock is currently owned by corporate insiders.
TTD has been the topic of a number of recent analyst reports. SunTrust Banks lowered shares of Trade Desk from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $280.00 to $250.00 in a research report on Friday, May 8th. ValuEngine upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Co upgraded Trade Desk from an “equal weight” rating to an “overweight” rating and set a $310.00 price objective for the company in a report on Friday, February 28th. DA Davidson downgraded Trade Desk from a “buy” rating to a “neutral” rating and cut their price objective for the company from $310.00 to $300.00 in a research report on Monday, May 11th. Finally, Citigroup lifted their target price on Trade Desk from $240.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $282.07.
Trade Desk 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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