Walkner Condon Financial Advisors LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Walkner Condon Financial Advisors LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,750 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC grew its stake 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 buying an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at $35,000. Avior Wealth Management LLC grew its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 18,524 shares of the company’s 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 sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % 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. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 2.1 %

NASDAQ TTD opened at $80.16 on Friday. The business’s 50 day moving average is $120.93 and its two-hundred day moving average is $115.22. The Trade Desk, Inc. has a 12-month low of $73.68 and a 12-month high of $141.53. The stock has a market capitalization of $39.56 billion, a price-to-earnings ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. Equities analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a share 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 reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

TTD has been the subject of a number of research reports. JMP Securities dropped their price objective on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research note on Thursday. Benchmark reissued a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Trade Desk in a research note on Thursday. UBS Group boosted their target price on Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank lowered their target price on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.77.

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.