Sonora Investment Management Group LLC Has $296,000 Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Sonora Investment Management Group LLC boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,517 shares of the technology company’s stock after buying an additional 375 shares during the period. Sonora Investment Management Group LLC’s holdings in Trade Desk were worth $296,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC raised its position in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at approximately $35,000. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TTD shares. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. Wells Fargo & Company boosted their price target on Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wedbush increased their price objective on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, BTIG Research boosted their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One equities 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 issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the sale, the chief executive officer now directly owns 243,476 shares in the company, valued at $30,354,152.92. This trade represents a 67.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 553,982 shares of company stock valued at $68,954,147. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Down 0.2 %

NASDAQ:TTD opened at $118.68 on Friday. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53. The stock’s 50-day simple moving average is $125.48 and its 200 day simple moving average is $114.18. The firm has a market capitalization of $58.58 billion, a PE ratio of 194.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the previous year, the business posted $0.08 earnings per share. On average, analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

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.