Allworth Financial LP Has $660,000 Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Allworth Financial LP increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 46.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,470 shares of the technology company’s stock after buying an additional 1,732 shares during the quarter. Allworth Financial LP’s holdings in Trade Desk were worth $660,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC increased its holdings in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth approximately $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth approximately $35,000. Avior Wealth Management LLC increased its holdings in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $75.73 on Friday. The business has a 50-day moving average price of $116.48 and a 200 day moving average price of $114.96. The company has a market capitalization of $37.38 billion, a P/E ratio of 97.09, a PEG ratio of 3.28 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $74.10 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

TTD has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Susquehanna reduced their price objective on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 13th. Oppenheimer reduced their price objective on shares of Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price objective (down from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Finally, Wolfe Research raised their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $119.45.

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.