6,439 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,439 shares of the technology company’s stock, valued at approximately $757,000.

A number of other large investors also recently modified their holdings of TTD. Ithaka Group LLC lifted its position in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after purchasing an additional 4,836 shares during the period. Venture Visionary Partners LLC boosted its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares during the last quarter. Nordea Investment Management AB grew its holdings in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. raised its position in shares of Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Trade Desk stock opened at $122.59 on Thursday. The company’s 50-day moving average is $125.87 and its 200-day moving average is $114.01. The firm has a market capitalization of $60.51 billion, a PE ratio of 200.97, a P/E/G ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53.

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

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the business’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 transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale 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 shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 549,684 shares of company stock valued at $68,444,576 in the last quarter. 9.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TTD. Loop Capital upped their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. Truist Financial increased their price target on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. UBS Group boosted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk 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.