Evoke Wealth LLC Acquires 356 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Evoke Wealth LLC lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 15.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,724 shares of the technology company’s stock after acquiring an additional 356 shares during the quarter. Evoke Wealth LLC’s holdings in Trade Desk were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTD. Ithaka Group LLC raised its holdings in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after purchasing an additional 4,836 shares in the last quarter. Lyell Wealth Management LP raised its holdings in Trade Desk by 24.3% in the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock worth $11,558,000 after purchasing an additional 19,204 shares in the last quarter. Nordea Investment Management AB raised its holdings in Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after purchasing an additional 358,350 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Trade Desk by 3.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after purchasing an additional 68,206 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Trade Desk by 276.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock worth $8,255,000 after acquiring an additional 51,603 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TTD shares. DA Davidson cut their target price on Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Trade Desk in a research note on Thursday, March 13th. Evercore ISI cut Trade Desk from an “outperform” rating to an “inline” rating and cut their target price for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $110.00 target price (down from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Finally, Wells Fargo & Company cut their target price on Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.41.

Trade Desk Trading Up 3.2 %

Shares of TTD opened at $55.32 on Thursday. The business’s 50 day moving average is $93.70 and its 200 day moving average is $110.50. The company has a market capitalization of $27.44 billion, a PE ratio of 70.92, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 12-month low of $53.39 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Equities research analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has authorized a stock repurchase plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Samantha Jacobson sold 4,298 shares of the firm’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 value of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock worth $5,004,296 in the last quarter. 9.72% of the stock is owned by corporate 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.