Kestra Investment Management LLC Invests $39,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Kestra Investment Management LLC bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 336 shares of the technology company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently modified their holdings of TTD. Atria Wealth Solutions Inc. boosted its holdings in Trade Desk by 0.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 26,734 shares of the technology company’s stock valued at $3,142,000 after purchasing an additional 243 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Trade Desk by 2.3% in the fourth quarter. Venturi Wealth Management LLC now owns 4,871 shares of the technology company’s stock valued at $572,000 after purchasing an additional 108 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Trade Desk by 0.7% in the fourth quarter. D.A. Davidson & CO. now owns 57,969 shares of the technology company’s stock valued at $6,813,000 after purchasing an additional 379 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in Trade Desk by 49.4% in the fourth quarter. Empower Advisory Group LLC now owns 18,608 shares of the technology company’s stock valued at $2,187,000 after purchasing an additional 6,154 shares during the last quarter. Finally, Wealth Quarterback LLC purchased a new position in Trade Desk in the fourth quarter valued at about $263,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TTD shares. Wedbush upped their price objective on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Evercore ISI cut Trade Desk from an “outperform” rating to an “inline” rating and cut their price objective for the company from $135.00 to $90.00 in a research note on Thursday, February 13th. Wells Fargo & Company cut their price objective on Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Trade Desk in a research note on Thursday, February 13th. Finally, Citigroup cut their price objective on Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.45.

Trade Desk Price Performance

TTD opened at $72.06 on Friday. The stock’s 50 day moving average price is $115.27 and its 200 day moving average price is $115.09. The stock has a market cap of $35.57 billion, a P/E ratio of 92.38, a P/E/G ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $71.61 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results 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%. Equities analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the 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 directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by corporate insiders.

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.