Kestra Private Wealth Services LLC Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Kestra Private Wealth Services LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 15.1% during the 4th quarter, Holdings Channel reports. The firm owned 12,263 shares of the technology company’s stock after acquiring an additional 1,613 shares during the period. Kestra Private Wealth Services LLC’s holdings in Trade Desk were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TTD. CAP Partners LLC boosted its holdings in Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders boosted its holdings in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the period. Quotient Wealth Partners LLC boosted its holdings in shares of Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after acquiring an additional 94 shares during the period. Allworth Financial LP grew its position in shares of Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares in the last quarter. Finally, Parisi Gray Wealth Management raised its stake in shares of Trade Desk by 2.2% during the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock valued at $533,000 after purchasing an additional 99 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’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 transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on TTD. Citizens Jmp upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Oppenheimer raised their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wolfe Research boosted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $133.20.

Trade Desk Stock Up 1.7 %

NASDAQ:TTD opened at $122.23 on Thursday. The Trade Desk, Inc. has a 52 week low of $71.11 and a 52 week high of $141.53. The stock has a market cap of $60.33 billion, a PE ratio of 200.38, a P/E/G ratio of 3.63 and a beta of 1.45. The business’s 50-day simple moving average is $123.20 and its two-hundred day simple moving average is $115.54.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. Sell-side analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Trade Desk declared that its board has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Trade Desk Company 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.