The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Lowered by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lessened its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,792 shares of the technology company’s stock after selling 500 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Trade Desk were worth $769,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TTD. Mutual Advisors LLC lifted its position in shares of Trade Desk by 3.6% in the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after acquiring an additional 156 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Trade Desk by 10.2% in the 4th quarter. HB Wealth Management LLC now owns 5,395 shares of the technology company’s stock valued at $388,000 after acquiring an additional 500 shares in the last quarter. Raymond James & Associates lifted its position in shares of Trade Desk by 12.8% in the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after acquiring an additional 28,714 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Trade Desk by 0.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 263,971 shares of the technology company’s stock valued at $18,995,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at approximately $215,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 1.7 %

Trade Desk stock traded up $1.55 during mid-day trading on Friday, reaching $92.43. The company had a trading volume of 2,699,844 shares, compared to its average volume of 4,136,125. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $102.67. The company has a 50 day moving average of $96.67 and a 200-day moving average of $85.63. The firm has a market cap of $45.21 billion, a price-to-earnings ratio of 231.08, a PEG ratio of 4.57 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The firm had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. On average, analysts predict that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTD. Jefferies Financial Group upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $105.00 in a research note on Thursday, May 2nd. Citigroup upped their price objective on shares of Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Thursday. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday. Finally, Royal Bank of Canada upped their price objective on shares of Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.38.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.92, for a total transaction of $236,476.80. Following the completion of the transaction, the director now directly owns 34,056 shares of the company’s stock, valued at approximately $3,334,763.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.92, for a total transaction of $236,476.80. Following the completion of the sale, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 141,434 shares of the stock in a transaction dated 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 approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders sold a total of 288,909 shares of company stock valued at $27,162,851 in the last ninety days. Company insiders own 10.18% of the company’s stock.

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.