The Trade Desk, Inc. (NASDAQ:TTD) Stake Lifted by Wealth Effects LLC

Wealth Effects LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,938 shares of the technology company’s stock after acquiring an additional 425 shares during the period. Trade Desk makes up approximately 2.2% of Wealth Effects LLC’s investment portfolio, making the stock its 9th largest position. Wealth Effects LLC’s holdings in Trade Desk were worth $6,353,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brown Lisle Cummings Inc. raised its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. OLD National Bancorp IN increased its holdings in Trade Desk by 31.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,555 shares of the technology company’s stock worth $390,000 after purchasing an additional 855 shares during the period. Pure Portfolios Holdings LLC acquired a new stake in Trade Desk in the 3rd quarter valued at about $266,000. Means Investment CO. Inc. purchased a new position in shares of Trade Desk in the 3rd quarter valued at about $201,000. Finally, Chicago Capital LLC increased its stake in shares of Trade Desk by 2.9% during the third quarter. Chicago Capital LLC now owns 543,456 shares of the technology company’s stock worth $59,590,000 after buying an additional 15,513 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Down 0.8 %

Shares of TTD traded down $0.91 during mid-day trading on Monday, reaching $117.85. 633,845 shares of the company’s stock were exchanged, compared to its average volume of 3,797,268. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $119.50. The company has a market cap of $57.93 billion, a price-to-earnings ratio of 238.62, a PEG ratio of 5.72 and a beta of 1.48. The company has a 50-day simple moving average of $107.16 and a two-hundred day simple moving average of $97.28.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TTD. Wedbush restated an “outperform” rating and set a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. Loop Capital lifted their target price on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Moffett Nathanson began coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley upped their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $112.97.

Insider Activity at Trade Desk

In other news, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,556,542 shares of company stock valued at $169,961,824. 9.72% of the stock is owned by insiders.

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.