Founders Financial Alliance LLC Has $303,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Founders Financial Alliance LLC lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,575 shares of the technology company’s stock after selling 200 shares during the quarter. Founders Financial Alliance LLC’s holdings in Trade Desk were worth $303,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Rialto Wealth Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC lifted its position 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 buying an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at $34,000. Midwest Capital Advisors LLC purchased a new position in shares of Trade Desk during the 4th quarter valued at $34,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk during the fourth quarter worth $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction dated 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 in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % 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 valued at $5,004,296 over the last three months. 9.72% of the stock is owned by insiders.

Trade Desk Price Performance

TTD stock opened at $58.84 on Wednesday. The business has a fifty day moving average price of $102.74 and a 200 day moving average price of $112.90. The Trade Desk, Inc. has a fifty-two week low of $58.57 and a fifty-two week high of $141.53. The stock has a market capitalization of $29.19 billion, a price-to-earnings ratio of 75.44, a P/E/G ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of recent research reports. Loop Capital lowered their target price on Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Piper Sandler reissued an “overweight” rating and issued a $110.00 price target (down previously from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Cantor Fitzgerald cut their price objective on shares of Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, Scotiabank cut their price target on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Six equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $119.45.

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.