Realta Investment Advisors Takes $216,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Realta Investment Advisors purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,774 shares of the technology company’s stock, valued at approximately $216,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Trade Desk by 9.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,374 shares of the technology company’s stock valued at $4,863,000 after buying an additional 3,528 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Trade Desk by 5.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,843,481 shares of the technology company’s stock valued at $216,664,000 after acquiring an additional 93,562 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Trade Desk by 3,401.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 110,506 shares of the technology company’s stock valued at $12,988,000 after acquiring an additional 107,350 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Trade Desk during the fourth quarter worth $684,000. Finally, YANKCOM Partnership acquired a new position in Trade Desk in the fourth quarter worth $94,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp increased their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Stifel Nicolaus upped their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Scotiabank began coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price on the stock. Finally, Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Price Performance

NASDAQ TTD opened at $117.29 on Friday. The company has a market capitalization of $57.89 billion, a P/E ratio of 192.28, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $68.65 and a 12 month high of $141.53. The company’s 50 day simple moving average is $124.40 and its 200 day simple moving average is $114.68.

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

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 in the last three months. 9.72% of the stock is currently owned by 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.