Deane Retirement Strategies Inc. Has $3.88 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Deane Retirement Strategies Inc. increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,015 shares of the technology company’s stock after purchasing an additional 423 shares during the period. Trade Desk makes up 2.0% of Deane Retirement Strategies Inc.’s holdings, making the stock its 20th largest position. Deane Retirement Strategies Inc.’s holdings in Trade Desk were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC lifted its position in shares of Trade Desk by 21.6% in the fourth quarter. Perigon Wealth Management LLC now owns 5,581 shares of the technology company’s stock worth $674,000 after purchasing an additional 992 shares in the last quarter. Cherry Creek Investment Advisors Inc. increased its stake in Trade Desk by 10.3% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 52,144 shares of the technology company’s stock valued at $6,128,000 after buying an additional 4,878 shares during the last quarter. Pacer Advisors Inc. lifted its position in Trade Desk by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 23,326 shares of the technology company’s stock worth $2,742,000 after buying an additional 937 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Trade Desk during the 4th quarter worth about $485,000. Finally, KBC Group NV grew its holdings in shares of Trade Desk by 97.6% in the 4th quarter. KBC Group NV now owns 223,507 shares of the technology company’s stock valued at $26,269,000 after acquiring an additional 110,410 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 1.2 %

Shares of Trade Desk stock opened at $120.56 on Wednesday. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The company has a market capitalization of $59.50 billion, a price-to-earnings ratio of 197.64, a PEG ratio of 3.82 and a beta of 1.45. The firm’s 50-day moving average price is $125.89 and its two-hundred day moving average price is $113.95.

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). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the prior year, the business posted $0.08 EPS. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTD shares. JMP Securities initiated coverage on Trade Desk in a research note on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 price target for the company. UBS Group boosted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Loop Capital upped their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 512,953 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the transaction, the chief executive officer now owns 243,476 shares of the company’s stock, valued at $30,354,152.92. This represents a 67.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk 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 sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by corporate 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.