International Assets Investment Management LLC Purchases 1,075,269 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

International Assets Investment Management LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6,600.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,091,561 shares of the technology company’s stock after acquiring an additional 1,075,269 shares during the period. International Assets Investment Management LLC owned approximately 0.22% of Trade Desk worth $78,549,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Trade Desk in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Trade Desk in the third quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Trade Desk in the third quarter valued at about $29,000. Level Financial Advisors Inc. lifted its stake in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares during the period. Finally, Ancora Advisors LLC lifted its stake in shares of Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTD. KeyCorp increased their price target on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Stifel Nicolaus increased their price target on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. BTIG Research increased their price target on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets raised their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Piper Sandler raised their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total transaction of $188,217.24. Following the transaction, the director now directly owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Kathryn E. Falberg sold 103,030 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the sale, the director now directly owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 2,999 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the sale, the director now directly owns 36,312 shares in the company, valued at $2,278,941.12. The disclosure for this sale can be found here. Insiders have sold a total of 492,569 shares of company stock valued at $41,213,950 over the last three months. 10.81% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 1.5 %

Shares of NASDAQ TTD opened at $85.83 on Friday. The company’s fifty day moving average is $80.14 and its 200-day moving average is $75.17. The stock has a market cap of $41.97 billion, a price-to-earnings ratio of 238.42, a P/E/G ratio of 4.73 and a beta of 1.50. The Trade Desk, Inc. has a twelve month low of $57.17 and a twelve month high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, research analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

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.