Global Wealth Management Investment Advisory Inc. Has $1.80 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

Global Wealth Management Investment Advisory Inc. reduced its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,283 shares of the technology company’s stock after selling 768 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Trade Desk were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wedmont Private Capital increased its holdings in shares of Trade Desk by 17.4% during the third quarter. Wedmont Private Capital now owns 3,638 shares of the technology company’s stock worth $407,000 after buying an additional 538 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Trade Desk by 258.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,405 shares of the technology company’s stock valued at $373,000 after purchasing an additional 2,456 shares in the last quarter. Inspire Investing LLC bought a new position in Trade Desk in the 3rd quarter valued at $2,245,000. Annex Advisory Services LLC bought a new stake in shares of Trade Desk during the third quarter worth $210,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Trade Desk in the third quarter valued at about $213,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Trading Up 2.3 %

Shares of TTD stock opened at $117.29 on Monday. The firm’s fifty day moving average price is $124.17 and its two-hundred day moving average price is $115.07. The Trade Desk, Inc. has a 1 year low of $68.65 and a 1 year high of $141.53. The firm has a market capitalization of $57.89 billion, a P/E ratio of 192.28, a PEG ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period in the prior year, the firm posted $0.08 EPS. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 over the last ninety days. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TTD. Truist Financial increased their price objective 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. JMP Securities began coverage on shares of Trade Desk in a research report on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 price objective for the company. BMO Capital Markets increased their price objective on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Morgan Stanley boosted their target price on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

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.