Whittier Trust Co. Invests $123,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Whittier Trust Co. purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,050 shares of the technology company’s stock, valued at approximately $123,000.

A number of other large investors have also recently made changes to their positions in the stock. BluePointe Capital Management LLC bought a new stake in shares of Trade Desk in the fourth quarter worth approximately $223,000. iA Global Asset Management Inc. grew its stake in shares of Trade Desk by 6.2% in the fourth quarter. iA Global Asset Management Inc. now owns 48,466 shares of the technology company’s stock worth $5,696,000 after acquiring an additional 2,833 shares during the period. Magnetar Financial LLC bought a new stake in shares of Trade Desk in the fourth quarter worth approximately $832,000. Teacher Retirement System of Texas boosted its holdings in shares of Trade Desk by 3,091.7% in the fourth quarter. Teacher Retirement System of Texas now owns 95,146 shares of the technology company’s stock worth $11,183,000 after buying an additional 92,165 shares during the last quarter. Finally, Sandy Spring Bank boosted its holdings in shares of Trade Desk by 18.8% in the fourth quarter. Sandy Spring Bank now owns 27,364 shares of the technology company’s stock worth $3,216,000 after buying an additional 4,332 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Trade Desk Stock Up 0.8 %

TTD stock opened at $56.31 on Monday. The firm has a 50 day moving average of $91.14 and a 200 day moving average of $109.91. The stock has a market capitalization of $27.93 billion, a PE ratio of 72.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 52 week low of $53.39 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS 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%. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has initiated a share 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 management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TTD shares. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a report on Thursday, March 13th. Citigroup dropped their price objective on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Truist Financial dropped their price objective on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Loop Capital lowered their price target on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $116.41.

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.