Ascent Wealth Partners LLC Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Ascent Wealth Partners LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,752 shares of the technology company’s stock after buying an additional 5,614 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Trade Desk were worth $4,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TTD. Edgewood Management LLC increased its holdings in shares of Trade Desk by 133.3% in 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 during the period. Jennison Associates LLC increased its holdings in shares of 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. Baillie Gifford & Co. increased its holdings in shares of 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 acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC increased its stake in Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after buying an additional 1,558,465 shares during the period. Finally, Wellington Management Group LLP increased its stake in Trade Desk by 55.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock valued at $169,892,000 after buying an additional 551,925 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Finally, Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 in the last three months. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 4.8 %

NASDAQ:TTD opened at $72.06 on Friday. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 92.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The company’s 50-day moving average is $115.27 and its two-hundred day moving average is $115.09. The Trade Desk, Inc. has a 12-month low of $71.61 and a 12-month high of $141.53.

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

Trade Desk announced that its board has initiated a share 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 buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Trade Desk Company 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.