World Investment Advisors Purchases 314 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

World Investment Advisors grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,163 shares of the technology company’s stock after acquiring an additional 314 shares during the period. World Investment Advisors’ holdings in Trade Desk were worth $1,077,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC lifted its stake in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the period. Midwest Capital Advisors LLC bought a new stake in Trade Desk in the fourth quarter valued at $34,000. Zions Bancorporation N.A. increased its position in Trade Desk by 148.3% during 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 period. Finally, Exchange Traded Concepts LLC bought a new position in Trade Desk in the 4th quarter worth $35,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

TTD stock opened at $46.24 on Friday. The Trade Desk, Inc. has a 1 year low of $45.02 and a 1 year high of $141.53. The company has a market cap of $22.94 billion, a P/E ratio of 59.28, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The stock’s fifty day moving average price is $78.11 and its 200-day moving average price is $106.55.

Trade Desk (NASDAQ:TTD) last announced 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 return on equity of 16.38% and a net margin of 16.08%. As a group, analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wolfe Research boosted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Susquehanna decreased their target price on Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 13th. Cfra Research upgraded Trade Desk to a “moderate buy” rating in a research report on Tuesday, March 25th. Truist Financial reduced their target price on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Robert W. Baird lowered their price target on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $114.38.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction 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 transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of 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 disclosure for this sale can be found here. 9.72% of the stock is currently owned by company insiders.

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.