WCG Wealth Advisors LLC Invests $1.15 Million in The Trade Desk $TTD

WCG Wealth Advisors LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,245 shares of the technology company’s stock, valued at approximately $1,148,000.

A number of other hedge funds also recently modified their holdings of TTD. Nicholas Company Inc. lifted its stake in shares of Trade Desk by 14.3% in the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after acquiring an additional 127,049 shares during the period. Jacobson & Schmitt Advisors LLC lifted its stake in shares of Trade Desk by 19.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock worth $14,192,000 after acquiring an additional 47,539 shares during the period. State of Michigan Retirement System acquired a new stake in shares of Trade Desk in the 3rd quarter worth $5,906,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of Trade Desk by 272.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after acquiring an additional 50,209 shares during the period. Finally, Jericho Capital Asset Management L.P. lifted its stake in shares of Trade Desk by 86.3% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock worth $199,324,000 after acquiring an additional 1,884,000 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Guggenheim reduced their target price on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Evercore set a $27.00 price target on shares of Trade Desk in a report on Friday, May 8th. New Street Research downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price target for the company. in a report on Thursday, February 26th. Morgan Stanley set a $26.00 price target on shares of Trade Desk in a report on Friday, May 8th. Finally, Arete Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price target for the company in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.91.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $19.95 on Friday. The company has a market cap of $9.38 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45. The company has a 50-day simple moving average of $22.05 and a 200-day simple moving average of $29.00.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, analysts anticipate that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk announced that its board has initiated a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.