Kestra Private Wealth Services LLC Invests $223,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Kestra Private Wealth Services LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,851 shares of the technology company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in Trade Desk by 1.5% in the second quarter. Signaturefd LLC now owns 8,480 shares of the technology company’s stock valued at $655,000 after acquiring an additional 127 shares during the period. Latitude Advisors LLC lifted its holdings in Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after acquiring an additional 133 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in Trade Desk by 8.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,875 shares of the technology company’s stock valued at $147,000 after acquiring an additional 150 shares during the period. Harbour Investments Inc. lifted its holdings in Trade Desk by 6.4% in the fourth quarter. Harbour Investments Inc. now owns 2,704 shares of the technology company’s stock valued at $121,000 after acquiring an additional 163 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in Trade Desk by 0.7% in the second quarter. King Luther Capital Management Corp now owns 23,169 shares of the technology company’s stock valued at $1,789,000 after acquiring an additional 169 shares during the period. 68.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus increased their target price on Trade Desk from $79.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. HSBC assumed coverage on Trade Desk in a research report on Monday, December 18th. They issued a “buy” rating and a $83.20 price target for the company. KeyCorp reduced their price target on Trade Desk from $100.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. Royal Bank of Canada reduced their price target on Trade Desk from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Finally, Susquehanna reduced their price target on Trade Desk from $105.00 to $75.00 and set a “positive” rating for the company in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.81.

Check Out Our Latest Research Report on Trade Desk

Insider Activity

In other news, Director Gokul Rajaram sold 2,999 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $68.15, for a total value of $204,381.85. Following the completion of the sale, the director now directly owns 42,310 shares of the company’s stock, valued at approximately $2,883,426.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $68.15, for a total value of $204,381.85. Following the transaction, the director now owns 42,310 shares of the company’s stock, valued at approximately $2,883,426.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 2,613 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.48, for a total value of $173,712.24. Following the completion of the transaction, the chief financial officer now directly owns 660,009 shares in the company, valued at approximately $43,877,398.32. The disclosure for this sale can be found here. Insiders sold 11,610 shares of company stock valued at $798,404 in the last ninety days. Insiders own 10.81% of the company’s stock.

Trade Desk Trading Up 1.6 %

Shares of Trade Desk stock opened at $71.31 on Friday. The stock has a 50 day moving average of $70.27 and a 200 day moving average of $74.64. The Trade Desk, Inc. has a 12 month low of $47.68 and a 12 month high of $91.85. The firm has a market cap of $34.96 billion, a PE ratio of 230.03, a PEG ratio of 4.26 and a beta of 1.50.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $493.27 million during the quarter, compared to the consensus estimate of $486.94 million. Trade Desk had a net margin of 8.35% and a return on equity of 7.38%. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.42 earnings per share for the current fiscal year.

Trade Desk Profile

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.

See Also

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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