The Trade Desk, Inc. (NASDAQ:TTD) Holdings Raised by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,099 shares of the technology company’s stock after acquiring an additional 948 shares during the quarter. Apollon Wealth Management LLC’s holdings in Trade Desk were worth $3,420,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. Jennison Associates LLC raised its position in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares during the last quarter. Edgewood Management LLC grew its position in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. FMR LLC raised its holdings in Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after acquiring an additional 32,999 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after acquiring an additional 68,206 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the 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 transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % 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 dated Monday, December 30th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTD. JMP Securities began coverage on Trade Desk in a research note on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 target price for the company. Benchmark restated a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Susquehanna reissued a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a report on Thursday, November 21st. Evercore ISI increased their price objective on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, DA Davidson upped their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Stock Up 2.3 %

Shares of TTD stock opened at $117.29 on Friday. The Trade Desk, Inc. has a 12-month low of $68.65 and a 12-month high of $141.53. The firm has a fifty day moving average of $124.17 and a 200-day moving average of $114.80. The firm has a market capitalization of $57.89 billion, a price-to-earnings ratio of 192.28, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its 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). The business had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period in the previous year, the firm posted $0.08 earnings per share. Research analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Trade Desk Company 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.