1,761 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by F M Investments LLC

F M Investments LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,761 shares of the technology company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently added to or reduced their stakes in TTD. Focus Financial Network Inc. raised its holdings in shares of Trade Desk by 2.2% in the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after purchasing an additional 84 shares in the last quarter. RMR Wealth Builders raised its stake in Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after buying an additional 89 shares in the last quarter. Quotient Wealth Partners LLC lifted its holdings in Trade Desk by 4.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after buying an additional 94 shares during the last quarter. TFB Advisors LLC boosted its position in shares of Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after acquiring an additional 94 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its position in shares of Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company’s stock worth $443,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 1.0 %

Shares of NASDAQ:TTD opened at $49.78 on Friday. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53. The company has a 50-day moving average price of $68.37 and a 200 day moving average price of $103.64. The company has a market cap of $24.70 billion, a P/E ratio of 63.82, a PEG ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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 expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on TTD shares. Wolfe Research boosted their target price on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Loop Capital cut their price objective on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada lowered their target price on shares of Trade Desk from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, March 17th. KeyCorp reduced their price target on shares of Trade Desk from $74.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Wedbush raised their price objective on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,298 shares of the business’s 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 owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.72% of the company’s stock.

Trade Desk 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.