State of New Jersey Common Pension Fund D Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

State of New Jersey Common Pension Fund D boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 256,380 shares of the technology company’s stock after buying an additional 2,626 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Trade Desk worth $18,449,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of Trade Desk during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in Trade Desk during the third quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new position in Trade Desk in the 3rd quarter valued at about $29,000. Level Financial Advisors Inc. lifted its stake in shares of Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares during the period. Finally, Ancora Advisors LLC lifted its holdings in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 492,170 shares of company stock worth $41,250,398. Corporate insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Oppenheimer lifted 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. KeyCorp lifted their price target on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Wells Fargo & Company upped their target price on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research note on Thursday, March 21st. Finally, BTIG Research boosted their target price on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $89.75.

Trade Desk Stock Down 0.5 %

TTD traded down $0.45 during trading hours on Thursday, hitting $83.34. The stock had a trading volume of 4,072,576 shares, compared to its average volume of 4,534,446. The Trade Desk, Inc. has a 1 year low of $59.98 and a 1 year high of $94.00. The company’s fifty day simple moving average is $83.40 and its 200 day simple moving average is $75.68. The stock has a market cap of $40.75 billion, a PE ratio of 230.92, a price-to-earnings-growth ratio of 4.47 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last posted its 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 firm had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.79 EPS 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.