The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,024 shares of the technology company’s stock after purchasing an additional 2,670 shares during the period. Independent Advisor Alliance’s holdings in Trade Desk were worth $4,704,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTD. Rialto Wealth Management LLC acquired a new position in Trade Desk during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC boosted its holdings in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Trade Desk during the fourth quarter valued at approximately $34,000. Midwest Capital Advisors LLC bought a new stake in Trade Desk during the fourth quarter worth approximately $34,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Trade Desk in the fourth quarter worth approximately $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD stock opened at $58.84 on Wednesday. The Trade Desk, Inc. has a fifty-two week low of $58.57 and a fifty-two week high of $141.53. The stock’s 50-day moving average is $102.74 and its two-hundred day moving average is $112.90. The firm has a market cap of $29.19 billion, a P/E ratio of 75.44, a PEG ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS 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%. As a group, research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the 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 $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTD. BMO Capital Markets lowered their price target on Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Loop Capital dropped their price target 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. JMP Securities cut their price target on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Finally, Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.45.

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.