J.W. Cole Advisors Inc. Buys 190 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

J.W. Cole Advisors Inc. lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,979 shares of the technology company’s stock after buying an additional 190 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Trade Desk were worth $286,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. California Public Employees Retirement System grew its position in Trade Desk by 1.4% during the third quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock worth $63,185,000 after buying an additional 11,356 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Trade Desk by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after purchasing an additional 147,717 shares during the last quarter. Raymond James & Associates increased its position in shares of Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after purchasing an additional 28,714 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Trade Desk by 30.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after purchasing an additional 67,520 shares in the last quarter. Finally, Deane Retirement Strategies Inc. lifted its position in Trade Desk by 126.8% during the fourth quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock valued at $1,887,000 after purchasing an additional 14,662 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Up 3.4 %

TTD opened at $83.79 on Thursday. The stock has a market cap of $40.97 billion, a PE ratio of 232.76, a PEG ratio of 4.47 and a beta of 1.50. The business has a 50 day moving average of $83.21 and a 200-day moving average of $75.62. The Trade Desk, Inc. has a 52 week low of $59.36 and a 52 week high of $94.00.

Trade Desk (NASDAQ:TTD) last announced 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 business had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. Equities analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the transaction, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 492,170 shares of company stock worth $41,250,398. 10.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research report on Thursday, March 21st. Truist Financial upped their price objective on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Susquehanna boosted their target price on Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Benchmark boosted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. Finally, KeyCorp lifted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price 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.