Albion Financial Group UT Has $1.65 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Albion Financial Group UT grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,017 shares of the technology company’s stock after purchasing an additional 138 shares during the quarter. Albion Financial Group UT’s holdings in Trade Desk were worth $1,647,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its holdings in Trade Desk by 68.8% in the 4th 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. 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 acquiring an additional 100 shares in the last quarter. JFS Wealth Advisors LLC increased its position in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the period. Brown Lisle Cummings Inc. raised its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Quarry LP bought a new stake in Trade Desk in the 2nd quarter valued at about $41,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $124.50 on Wednesday. The Trade Desk, Inc. has a 52 week low of $66.56 and a 52 week high of $141.53. The firm’s fifty day moving average is $126.07 and its 200-day moving average is $113.24. The firm has a market cap of $61.45 billion, a P/E ratio of 204.10, a P/E/G ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the firm’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 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 sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. JMP Securities started coverage on shares of Trade Desk in a report on Tuesday. They set a “mkt outperform” rating and a $150.00 target price on the stock. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Evercore ISI raised their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Needham & Company LLC increased their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Benchmark restated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.13.

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.