Andra AP fonden Makes New $693,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Andra AP fonden bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,900 shares of the technology company’s stock, valued at approximately $693,000.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Trade Desk by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,335 shares of the technology company’s stock worth $256,000 after purchasing an additional 417 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Trade Desk during the 3rd quarter worth approximately $219,000. Assetmark Inc. increased its stake 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 worth $8,066,000 after purchasing an additional 70,687 shares during the last quarter. Bridges Investment Management Inc. increased its stake in shares of Trade Desk by 4.0% during the 3rd quarter. Bridges Investment Management Inc. now owns 7,474 shares of the technology company’s stock worth $820,000 after purchasing an additional 288 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of Trade Desk by 3.3% during the 3rd quarter. Atria Investments Inc now owns 31,876 shares of the technology company’s stock worth $3,495,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 over the last three months. Insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research analyst reports. JMP Securities decreased their price target on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Wolfe Research raised their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Benchmark upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday. KeyCorp lifted their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Robert W. Baird reduced their price objective on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.45.

Trade Desk Stock Performance

NASDAQ TTD opened at $64.91 on Monday. The Trade Desk, Inc. has a 52-week low of $63.82 and a 52-week high of $141.53. The company has a market capitalization of $32.20 billion, a P/E ratio of 83.22, a P/E/G ratio of 3.11 and a beta of 1.63. The company has a fifty day moving average of $103.94 and a 200-day moving average of $113.21.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data 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 return on equity of 16.38% and a net margin of 16.08%. As a group, analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has initiated a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.