The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,347 shares of the technology company’s stock after buying an additional 94 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Trade Desk were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CAP Partners LLC grew its holdings in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares in the last quarter. RMR Wealth Builders grew its stake in Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the period. Allworth Financial LP raised its holdings in Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after acquiring an additional 97 shares during the last quarter. Parisi Gray Wealth Management lifted its stake in shares of Trade Desk by 2.2% during the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares during the period. Finally, Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 2.3 %

Trade Desk stock opened at $117.29 on Monday. The stock has a 50 day moving average of $124.17 and a 200-day moving average of $115.07. The stock has a market cap of $57.89 billion, a P/E ratio of 192.28, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $68.65 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the business earned $0.08 earnings per share. As a group, equities analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock valued at $5,004,296. Insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTD. DA Davidson increased their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup increased their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group boosted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. BMO Capital Markets increased their price target on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Finally, Oppenheimer boosted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

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.