The Trade Desk, Inc. (NASDAQ:TTD) Stake Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 187.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,998 shares of the technology company’s stock after buying an additional 10,430 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Trade Desk were worth $1,563,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TTD. Global Assets Advisory LLC bought a new position in shares of Trade Desk during the 1st quarter valued at $2,626,000. Franklin Resources Inc. lifted its position in shares of Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after buying an additional 53,441 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after acquiring an additional 70,201 shares in the last quarter. Nicholas Company Inc. increased its holdings in shares of Trade Desk by 64.9% during the 4th quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock valued at $55,872,000 after acquiring an additional 305,615 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of Trade Desk in the 1st quarter valued at approximately $3,011,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 599,163 shares of company stock valued at $61,246,529. 10.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTD shares. Susquehanna raised their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Citigroup boosted their price objective on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Piper Sandler restated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. Macquarie reiterated an “outperform” rating and issued a $115.00 price objective on shares of Trade Desk in a research report on Friday, August 9th. Finally, Cantor Fitzgerald began coverage on Trade Desk in a research report on Thursday, September 5th. They set a “neutral” rating and a $110.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $109.05.

Trade Desk Stock Performance

TTD opened at $106.06 on Monday. The company has a fifty day moving average price of $97.94 and a two-hundred day moving average price of $92.22. The firm has a market capitalization of $52.14 billion, a PE ratio of 265.16, a P/E/G ratio of 5.03 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $107.64.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities analysts forecast that The Trade Desk, Inc. will post 0.86 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.