Jump Financial LLC Acquires 114,687 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Jump Financial LLC boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 404.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,020 shares of the technology company’s stock after buying an additional 114,687 shares during the quarter. Jump Financial LLC’s holdings in Trade Desk were worth $16,809,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company’s stock worth $5,015,035,000 after buying an additional 253,137 shares during the last quarter. Invesco Ltd. grew its position in Trade Desk by 2.6% in the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company’s stock worth $930,477,000 after purchasing an additional 198,822 shares during the last quarter. Norges Bank acquired a new position in shares of Trade Desk during the fourth quarter valued at about $524,187,000. FMR LLC lifted its stake 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 during the period. Finally, Bank of New York Mellon Corp raised its holdings in Trade Desk by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,019,707 shares of the technology company’s stock valued at $237,376,000 after acquiring an additional 5,080 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $48.64 on Tuesday. The Trade Desk, Inc. has a 52-week low of $42.96 and a 52-week high of $141.53. The company has a market capitalization of $24.13 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The company has a fifty day moving average of $67.05 and a 200-day moving average of $103.17.

Trade Desk (NASDAQ:TTD) last announced its quarterly 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 net margin of 16.08% and a return on equity of 16.38%. On average, equities analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on TTD. Morgan Stanley decreased their price target on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price objective on Trade Desk from $120.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Scotiabank lowered their price target on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on Trade Desk from $101.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. 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 report on Friday, January 3rd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.69.

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.