Graney & King LLC Takes $118,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Graney & King LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,000 shares of the technology company’s stock, valued at approximately $118,000.

Other large investors have also made changes to their positions in the company. Parametrica Management Ltd purchased a new stake in Trade Desk in the 4th quarter valued at approximately $379,000. SwitchPoint Financial Planning LLC purchased a new stake in shares of Trade Desk in the fourth quarter valued at $236,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Trade Desk during the fourth quarter valued at $601,000. Meiji Yasuda Asset Management Co Ltd. increased its position in Trade Desk by 34.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,245 shares of the technology company’s stock worth $969,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its stake in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial cut their price objective on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. KeyCorp reduced their price target on Trade Desk from $130.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Loop Capital lowered their price target on Trade Desk from $145.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $116.41.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Shares of TTD opened at $62.00 on Wednesday. The firm has a fifty day moving average of $88.88 and a 200-day moving average of $109.33. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 79.49, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 1 year low of $53.39 and a 1 year high of $141.53.

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

Trade Desk announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

About Trade Desk

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.