TB Alternative Assets Ltd. Acquires New Stake in The Trade Desk, Inc. (NASDAQ:TTD)

TB Alternative Assets Ltd. acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 91,203 shares of the technology company’s stock, valued at approximately $4,991,000. Trade Desk accounts for 1.2% of TB Alternative Assets Ltd.’s portfolio, making the stock its 24th biggest holding.

A number of other large investors also recently bought and sold shares of the business. Blue Zone Wealth Advisors LLC boosted its holdings in Trade Desk by 18.5% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 79,169 shares of the technology company’s stock valued at $4,332,000 after acquiring an additional 12,375 shares during the period. Congress Asset Management Co. raised its position in Trade Desk by 47.1% during the 1st quarter. Congress Asset Management Co. now owns 1,478,070 shares of the technology company’s stock valued at $80,880,000 after purchasing an additional 473,132 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in Trade Desk by 5.1% during the 1st quarter. SeaCrest Wealth Management LLC now owns 7,683 shares of the technology company’s stock valued at $420,000 after purchasing an additional 370 shares in the last quarter. Stablepoint Partners LLC raised its position in Trade Desk by 2.3% during the 1st quarter. Stablepoint Partners LLC now owns 12,147 shares of the technology company’s stock valued at $665,000 after purchasing an additional 275 shares in the last quarter. Finally, Generali Investments Management Co LLC raised its position in Trade Desk by 140.8% during the 1st quarter. Generali Investments Management Co LLC now owns 25,395 shares of the technology company’s stock valued at $1,390,000 after purchasing an additional 14,849 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer now owns 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director now owns 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $71.46 on Friday. The business’s 50-day moving average is $61.50 and its 200 day moving average is $88.61. 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 capitalization of $35.12 billion, a P/E ratio of 91.62, a P/E/G ratio of 3.11 and a beta of 1.41.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. On average, analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. DA Davidson decreased their target price on Trade Desk from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Stifel Nicolaus decreased their target price on Trade Desk from $122.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of Trade Desk in a research report on Friday. UBS Group decreased their target price on Trade Desk from $116.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Evercore ISI lowered Trade Desk from an “outperform” rating to an “inline” rating and decreased their target price for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.15.

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.