Whipplewood Advisors LLC Buys New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

Whipplewood Advisors LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 736 shares of the technology company’s stock, valued at approximately $87,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TTD. Harbor Investment Advisory LLC increased its position in Trade Desk by 68.8% during 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 last quarter. Synergy Asset Management LLC acquired a new position in Trade Desk during the fourth quarter worth approximately $34,000. Midwest Capital Advisors LLC acquired a new position in Trade Desk during the fourth quarter worth approximately $34,000. Exchange Traded Concepts LLC acquired a new position in Trade Desk during the fourth quarter worth approximately $35,000. Finally, Kestra Investment Management LLC acquired a new position in Trade Desk during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 over the last three months. Corporate insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird lowered their price target on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. KeyCorp boosted their price target on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Susquehanna reduced their price objective on Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 13th. Finally, New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.45.

Trade Desk Price Performance

Shares of TTD opened at $70.31 on Friday. The Trade Desk, Inc. has a one year low of $69.37 and a one year high of $141.53. The company has a market cap of $34.70 billion, a P/E ratio of 90.14, a P/E/G ratio of 3.11 and a beta of 1.45. The firm has a 50 day simple moving average of $110.70 and a two-hundred day simple moving average of $114.44.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Trade Desk Company 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.