Team Hewins LLC Buys Shares of 2,437 The Trade Desk, Inc. (NASDAQ:TTD)

Team Hewins LLC bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,437 shares of the technology company’s stock, valued at approximately $213,000.

Other hedge funds have also made changes to their positions in the company. Csenge Advisory Group lifted its holdings in Trade Desk by 1.8% during the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock worth $688,000 after buying an additional 141 shares during the last quarter. Level Financial Advisors Inc. lifted its holdings in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in Trade Desk by 1.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock worth $669,000 after buying an additional 150 shares during the last quarter. Fiduciary Trust Co lifted its holdings in Trade Desk by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock worth $993,000 after buying an additional 150 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Trade Desk by 0.7% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 23,577 shares of the technology company’s stock valued at $2,061,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the transaction, the chief executive officer now owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the sale, the chief executive officer now directly owns 824,022 shares in the company, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. Insiders have sold 340,154 shares of company stock valued at $31,128,226 over the last quarter. Insiders own 10.18% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD stock traded down $1.05 during trading hours on Thursday, hitting $98.77. 1,916,405 shares of the company were exchanged, compared to its average volume of 4,149,242. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $102.67. The business’s 50-day simple moving average is $94.86 and its two-hundred day simple moving average is $83.76. The stock has a market capitalization of $48.31 billion, a price-to-earnings ratio of 246.66, a P/E/G ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

TTD has been the subject of several research reports. DA Davidson boosted their target price on Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Stifel Nicolaus boosted their price target on Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Wedbush assumed coverage on Trade Desk in a research report on Monday, June 17th. They issued an “outperform” rating and a $110.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and issued a $108.00 price target (up previously from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

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.