The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,394 shares of the technology company’s stock after buying an additional 505 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Trade Desk were worth $1,339,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. Jennison Associates LLC increased its position in Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after acquiring an additional 2,013,047 shares during the period. Edgewood Management LLC raised its stake in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. FMR LLC boosted its position in Trade Desk by 1.3% during the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock worth $286,867,000 after acquiring an additional 32,999 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Trade Desk by 3.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after purchasing an additional 68,206 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value 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. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,029 shares of company stock worth $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD stock opened at $117.29 on Monday. The stock has a 50-day moving average of $124.17 and a 200-day moving average of $115.07. The stock has a market cap of $57.89 billion, a PE ratio of 192.28, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $68.65 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period in the prior year, the business earned $0.08 EPS. As a group, research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTD. UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their target price on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Wells Fargo & Company increased their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

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.