Blue Trust Inc. Buys 551 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Blue Trust Inc. grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,720 shares of the technology company’s stock after purchasing an additional 551 shares during the period. Blue Trust Inc.’s holdings in Trade Desk were worth $737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC raised its holdings in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after buying an additional 117 shares during the period. Exchange Traded Concepts LLC bought a new position in Trade Desk in the 4th quarter valued at $35,000. Avior Wealth Management LLC increased its stake in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Quarry LP bought a new stake in shares of Trade Desk during the second quarter worth $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TTD shares. Benchmark reaffirmed a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. Loop Capital increased their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer lifted their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, BTIG Research increased their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Price Performance

Shares of TTD stock opened at $122.59 on Thursday. The business has a fifty day moving average of $125.87 and a 200 day moving average of $114.01. The firm has a market capitalization of $60.51 billion, a price-to-earnings ratio of 200.97, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same period last year, the firm earned $0.08 EPS. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 512,953 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares in the company, valued at approximately $30,354,152.92. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 549,684 shares of company stock valued at $68,444,576 over the last 90 days. Insiders own 9.72% of the company’s stock.

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.