11,211 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,211 shares of the technology company’s stock, valued at approximately $1,318,000. Trade Desk comprises about 1.2% of Jacksonville Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Ithaka Group LLC grew its holdings in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after acquiring an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC grew its stake in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after purchasing an additional 358,350 shares during the last quarter. Assetmark Inc. raised its position in Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares of the company’s stock, valued at approximately $30,354,152.92. The trade was a 67.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 549,684 shares of company stock worth $68,444,576 in the last 90 days. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 0.7 %

NASDAQ TTD opened at $119.96 on Friday. The firm has a market capitalization of $59.21 billion, a P/E ratio of 196.66, a PEG ratio of 3.82 and a beta of 1.45. The business has a fifty day simple moving average of $125.84 and a 200 day simple moving average of $113.56. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. During the same period in the previous year, the business earned $0.08 earnings per share. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTD. Morgan Stanley increased their price target on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. JMP Securities began coverage on shares of Trade Desk in a research note on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 price objective on the stock. Citigroup lifted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Macquarie boosted their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.13.

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.