Stephens Inc. AR Boosts Position in The Trade Desk, Inc. (NASDAQ:TTD)

Stephens Inc. AR grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,228 shares of the technology company’s stock after purchasing an additional 1,284 shares during the quarter. Stephens Inc. AR’s holdings in Trade Desk were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TTD. Koshinski Asset Management Inc. purchased a new position in Trade Desk in the 3rd quarter valued at $213,000. Creative Planning grew its position in Trade Desk by 10.6% during the third quarter. Creative Planning now owns 129,599 shares of the technology company’s stock worth $14,211,000 after buying an additional 12,384 shares during the period. Swedbank AB increased its holdings in Trade Desk by 22.6% in the third quarter. Swedbank AB now owns 288,041 shares of the technology company’s stock valued at $31,584,000 after buying an additional 53,130 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Trade Desk by 12.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock valued at $1,211,000 after acquiring an additional 1,193 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Trade Desk in the 3rd quarter worth approximately $263,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD opened at $122.23 on Thursday. The Trade Desk, Inc. has a fifty-two week low of $71.11 and a fifty-two week high of $141.53. The company has a market cap of $60.33 billion, a price-to-earnings ratio of 200.38, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The firm has a 50 day simple moving average of $123.20 and a 200 day simple moving average of $115.54.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results 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 net margin of 13.34% and a return on equity of 13.17%. As a group, analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current year.

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

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value 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. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction 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 directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTD. KeyCorp boosted their target price on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday. Citizens Jmp upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. Robert W. Baird boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial raised their target price on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

About Trade Desk

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.