JFS Wealth Advisors LLC Purchases 247 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

JFS Wealth Advisors LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 194.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 374 shares of the technology company’s stock after buying an additional 247 shares during the period. JFS Wealth Advisors LLC’s holdings in Trade Desk were worth $41,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. 1832 Asset Management L.P. raised its stake in Trade Desk by 10.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares during the last quarter. Jericho Capital Asset Management L.P. raised its stake in Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after purchasing an additional 100,000 shares during the last quarter. Marshall Wace LLP raised its stake in Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the last quarter. Victory Capital Management Inc. raised its stake in Trade Desk by 12.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock valued at $159,151,000 after purchasing an additional 177,832 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in Trade Desk by 10.7% during the 2nd quarter. TD Asset Management Inc now owns 1,592,578 shares of the technology company’s stock valued at $155,547,000 after purchasing an additional 153,748 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Down 0.8 %

Shares of NASDAQ TTD opened at $119.19 on Friday. The firm has a market capitalization of $58.59 billion, a PE ratio of 238.38, a price-to-earnings-growth ratio of 5.86 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $123.85. The firm’s 50-day moving average is $110.49 and its 200-day moving average is $99.19.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Moffett Nathanson started coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Wells Fargo & Company started coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective for the company. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Wedbush restated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Finally, Wolfe Research started coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.60.

Insider Activity

In related news, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at $351,846.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the sale, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. 9.72% of the stock is currently owned by insiders.

Trade Desk Company 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.