TFB Advisors LLC Purchases 94 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

TFB Advisors LLC boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,759 shares of the technology company’s stock after purchasing an additional 94 shares during the period. TFB Advisors LLC’s holdings in Trade Desk were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC grew its stake in shares of Trade Desk by 68.8% during the fourth 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 during the last quarter. Synergy Asset Management LLC bought a new position in Trade Desk during the 4th quarter worth approximately $34,000. Exchange Traded Concepts LLC bought a new position in Trade Desk during the 4th quarter worth approximately $35,000. Avior Wealth Management LLC increased its stake in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. lifted its position in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Up 1.7 %

Trade Desk stock opened at $122.23 on Thursday. The Trade Desk, Inc. has a twelve month low of $71.11 and a twelve month high of $141.53. The company has a market capitalization of $60.33 billion, a P/E ratio of 200.38, a PEG ratio of 3.63 and a beta of 1.45. The stock’s 50 day moving average is $123.20 and its 200 day moving average is $115.54.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Trade Desk announced that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction 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 transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent analyst reports. Truist Financial raised their target price 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. Wedbush raised their price target on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Evercore ISI upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company increased their target price on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, BMO Capital Markets boosted their price target on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.20.

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.