SageView Advisory Group LLC Has $5.05 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

SageView Advisory Group LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,948 shares of the technology company’s stock after acquiring an additional 619 shares during the quarter. SageView Advisory Group LLC’s holdings in Trade Desk were worth $5,048,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. increased its stake in shares of Trade Desk by 6.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 14,506 shares of the technology company’s stock worth $1,705,000 after purchasing an additional 836 shares during the period. Granite Investment Partners LLC acquired a new position in Trade Desk in the 4th quarter valued at $4,062,000. Advisors Capital Management LLC increased its position in Trade Desk by 3.5% during the 4th quarter. Advisors Capital Management LLC now owns 10,835 shares of the technology company’s stock worth $1,274,000 after buying an additional 371 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $444,000. Finally, Townsquare Capital LLC lifted its holdings in shares of Trade Desk by 384.0% during the fourth quarter. Townsquare Capital LLC now owns 38,172 shares of the technology company’s stock worth $4,486,000 after buying an additional 30,285 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $49.78 on Friday. 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 Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53. The firm’s fifty day moving average is $68.37 and its 200-day moving average is $103.64.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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%. Sell-side analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTD shares. KeyCorp lowered their price target on shares of Trade Desk from $74.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday. Cantor Fitzgerald lowered their target price on shares of Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. BMO Capital Markets cut their price target on Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Oppenheimer lowered their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Scotiabank cut their target price on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.79.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the business’s 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 approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.72% of the stock is owned by insiders.

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.