Wealthcare Advisory Partners LLC Buys 680 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Wealthcare Advisory Partners LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,919 shares of the technology company’s stock after buying an additional 680 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Trade Desk were worth $1,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV bought a new position in Trade Desk in the 4th quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Zions Bancorporation N.A. increased its stake in shares of Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Trade Desk during the 4th quarter worth approximately $39,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $72.37 on Thursday. The stock has a market cap of $35.57 billion, a PE ratio of 92.78, a P/E/G ratio of 3.11 and a beta of 1.41. The Trade Desk, Inc. has a 12-month low of $42.96 and a 12-month high of $141.53. The business’s 50-day moving average price is $62.79 and its two-hundred day moving average price is $87.72.

Trade Desk (NASDAQ:TTD) last announced its quarterly 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 net margin of 16.08% and a return on equity of 16.38%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. As a group, analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

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

Insider Buying and Selling at Trade Desk

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on TTD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Trade Desk in a report on Friday, June 6th. Evercore ISI cut shares of Trade Desk from an “outperform” rating to an “inline” rating and reduced their target price for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Citigroup raised their price target on shares of Trade Desk from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Rosenblatt Securities lifted their price objective on shares of Trade Desk from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Finally, Wells Fargo & Company decreased their target price on shares of Trade Desk from $101.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.15.

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.