The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,395 shares of the technology company’s stock after acquiring an additional 500 shares during the quarter. HB Wealth Management LLC’s holdings in Trade Desk were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Trade Desk by 0.7% in the first quarter. Vanguard Group Inc. now owns 39,911,814 shares of the technology company’s stock valued at $2,763,893,000 after buying an additional 263,838 shares in the last quarter. BlackRock Inc. raised its stake in shares of Trade Desk by 2.3% during the 2nd quarter. BlackRock Inc. now owns 22,267,061 shares of the technology company’s stock worth $1,719,462,000 after buying an additional 499,199 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Trade Desk by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,447,010 shares of the technology company’s stock worth $647,660,000 after buying an additional 135,704 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Trade Desk by 10.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock valued at $599,275,000 after acquiring an additional 1,239,936 shares during the last quarter. Finally, State Street Corp increased its holdings in Trade Desk by 2.4% during the 1st quarter. State Street Corp now owns 8,940,680 shares of the technology company’s stock valued at $544,573,000 after acquiring an additional 207,354 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 2,999 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the sale, the director now owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the transaction, the director now owns 36,312 shares in the company, valued at $2,278,941.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders have sold a total of 426,562 shares of company stock valued at $35,446,258 over the last quarter. Corporate insiders own 10.81% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $87.21 on Thursday. The company has a market capitalization of $42.64 billion, a PE ratio of 242.26, a P/E/G ratio of 4.83 and a beta of 1.50. The Trade Desk, Inc. has a 1-year low of $57.17 and a 1-year high of $94.00. The business has a 50-day moving average of $77.57 and a 200-day moving average of $75.03.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. On average, equities analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp increased their target price on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Royal Bank of Canada increased their target price on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Piper Sandler increased their target price on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Truist Financial increased their price target on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Benchmark increased their price target on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

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.