Natural Investments LLC Makes New $262,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Natural Investments LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,234 shares of the technology company’s stock, valued at approximately $262,000.

A number of other hedge funds have also modified their holdings of TTD. CWA Asset Management Group LLC acquired a new stake in shares of Trade Desk in the third quarter worth $219,000. Atria Investments Inc grew its position in 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 period. Apollon Wealth Management LLC raised its stake in shares of Trade Desk by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,151 shares of the technology company’s stock valued at $3,087,000 after buying an additional 1,503 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Trade Desk during the 3rd quarter valued at about $271,000. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of Trade Desk by 7.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,367 shares of the technology company’s stock valued at $1,137,000 after buying an additional 718 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $60.20 on Thursday. The business’s 50 day moving average price is $101.57 and its 200 day moving average price is $112.58. The company has a market cap of $29.86 billion, a price-to-earnings ratio of 77.18, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a one year low of $57.86 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding 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 often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk 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 value of $2,283,886.08. Following the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the 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 transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 in the last ninety days. 9.72% of the stock is owned by insiders.

Analyst Ratings Changes

TTD has been the topic of several analyst reports. Robert W. Baird dropped their target price on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Benchmark upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Royal Bank of Canada dropped their price target on shares of Trade Desk from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Evercore ISI cut shares of Trade Desk from an “outperform” rating to an “inline” rating and cut their price objective for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.45.

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.