F M Investments LLC Invests $207,000 in The Trade Desk, Inc. (NASDAQ:TTD)

F M Investments LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,761 shares of the technology company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Trade Desk during the 4th quarter worth about $524,187,000. Raymond James Financial Inc. purchased a new position in Trade Desk during the fourth quarter worth approximately $231,570,000. Franklin Resources Inc. boosted its position in Trade Desk by 265.9% during the fourth quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company’s stock worth $219,121,000 after purchasing an additional 1,354,891 shares in the last quarter. FMR LLC increased its position in shares of Trade Desk by 44.8% in the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company’s stock valued at $445,237,000 after buying an additional 1,172,082 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Trade Desk during the 4th quarter worth approximately $100,658,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently 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. Stifel Nicolaus dropped their target price on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group reduced their price target on shares of Trade Desk from $120.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. UBS Group lowered their price objective on Trade Desk from $116.00 to $80.00 and set a “buy” rating on the stock in a report on Friday. Finally, Susquehanna reduced their target price on Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.79.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD stock opened at $49.78 on Friday. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $24.70 billion, a PE ratio of 63.82, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The company has a 50-day moving average of $68.37 and a two-hundred day moving average of $103.64.

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

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.