Shelton Capital Management Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Shelton Capital Management raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 37.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,608 shares of the technology company’s stock after buying an additional 20,000 shares during the period. Shelton Capital Management’s holdings in Trade Desk were worth $8,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TTD. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC lifted 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 purchasing an additional 117 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Zions Bancorporation N.A. increased its stake in shares of Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk during the 4th quarter worth approximately $35,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.72% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $45.27 on Wednesday. The business’s 50-day simple moving average is $73.60 and its 200 day simple moving average is $105.22. The company has a market cap of $22.46 billion, a P/E ratio of 58.04, a PEG ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a one year low of $42.96 and a one year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Trade Desk in a research report on Thursday, March 13th. Royal Bank of Canada cut their target price on shares of Trade Desk from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Robert W. Baird decreased their price target on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. UBS Group boosted their price objective on shares of Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Piper Sandler restated an “overweight” rating and set a $110.00 target price (down previously from $140.00) on shares of Trade Desk in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.38.

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.