1,800 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,800 shares of the technology company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Focus Financial Network Inc. raised its stake in Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after purchasing an additional 84 shares in the last quarter. CAP Partners LLC boosted its holdings in Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after acquiring an additional 86 shares during the last quarter. RMR Wealth Builders lifted its holdings in shares of Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 89 shares in the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of Trade Desk by 4.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after purchasing an additional 94 shares in the last quarter. Finally, TFB Advisors LLC raised its position in Trade Desk by 2.6% in the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock valued at $442,000 after buying an additional 94 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTD has been the subject of several research reports. Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and cut their price target for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Morgan Stanley decreased their price target on Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada reduced their target price on Trade Desk from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Trade Desk in a report on Thursday, February 13th. Finally, JMP Securities dropped their target price on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Price Performance

NASDAQ TTD opened at $66.54 on Thursday. The Trade Desk, Inc. has a 12 month low of $64.56 and a 12 month high of $141.53. The company has a market capitalization of $33.01 billion, a price-to-earnings ratio of 85.31, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The company’s fifty day moving average price is $107.39 and its two-hundred day moving average price is $114.00.

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

Trade Desk declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company’s stock.

About Trade Desk

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.