The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Spire Wealth Management

Spire Wealth Management increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,264 shares of the technology company’s stock after purchasing an additional 685 shares during the period. Spire Wealth Management’s holdings in Trade Desk were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at $35,000. Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $117.94 on Tuesday. The company has a market capitalization of $58.21 billion, a price-to-earnings ratio of 193.34, a price-to-earnings-growth ratio of 3.75 and a beta of 1.45. The company’s 50 day simple moving average is $125.25 and its 200-day simple moving average is $114.56. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53.

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

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Wolfe Research lifted their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. UBS Group lifted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wedbush lifted their target price 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. Finally, KeyCorp lifted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated 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 sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 143,985 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $121.82, for a total value of $17,540,252.70. Following the sale, the chief executive officer now owns 3,700 shares of the company’s stock, valued at approximately $450,734. This trade represents a 97.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 697,967 shares of company stock valued at $86,494,400 in the last ninety days. 9.72% of the stock is currently owned by company insiders.

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.