Diversify Advisory Services LLC Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Diversify Advisory Services LLC grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,150 shares of the technology company’s stock after buying an additional 259 shares during the period. Diversify Advisory Services LLC’s holdings in Trade Desk were worth $493,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Quarry LP bought a new stake in Trade Desk during the second quarter worth about $41,000. Brown Lisle Cummings Inc. boosted its holdings in shares of 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. JFS Wealth Advisors LLC increased its position in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Trade Desk during the 3rd quarter valued at about $51,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 0.1 %

NASDAQ:TTD opened at $124.50 on Wednesday. The stock has a market cap of $61.45 billion, a price-to-earnings ratio of 204.10, a PEG ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $66.56 and a 52 week high of $141.53. The company’s 50 day moving average price is $126.07 and its 200-day moving average price is $113.24.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $619.89 million. During the same period in the previous year, the company earned $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.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the 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 transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC lifted their target price on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus upped their price target on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Finally, KeyCorp raised their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.