US Bancorp DE Purchases 1,907 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

US Bancorp DE increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 985,783 shares of the technology company’s stock after acquiring an additional 1,907 shares during the period. US Bancorp DE’s holdings in Trade Desk were worth $115,859,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TTD. Arkadios Wealth Advisors bought a new position in shares of Trade Desk during the 3rd quarter worth approximately $302,000. abrdn plc grew its position in Trade Desk by 57.2% during the 3rd quarter. abrdn plc now owns 79,618 shares of the technology company’s stock worth $8,730,000 after purchasing an additional 28,967 shares during the last quarter. Diversify Advisory Services LLC grew its position in Trade Desk by 33.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,891 shares of the technology company’s stock worth $463,000 after purchasing an additional 967 shares during the last quarter. SteelPeak Wealth LLC grew its position in Trade Desk by 34.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 2,895 shares of the technology company’s stock worth $317,000 after purchasing an additional 743 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group boosted their target price on shares of Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. DA Davidson dropped their target price on shares of Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Loop Capital dropped their target price on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, JMP Securities dropped their price objective on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $119.45.

Trade Desk Stock Performance

NASDAQ:TTD opened at $70.31 on Friday. The company has a fifty day moving average of $110.70 and a two-hundred day moving average of $114.44. The stock has a market capitalization of $34.70 billion, a PE ratio of 90.14, a P/E/G ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $69.37 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Research analysts forecast 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 approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated 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 sale, the insider now owns 90,709 shares of the company’s stock, valued at $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 ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. Company insiders own 9.72% of the company’s stock.

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.