Financial Gravity Companies Inc. Takes $73,000 Position in Trade Desk Inc (TTD)
Financial Gravity Companies Inc. bought a new position in Trade Desk Inc (NASDAQ:TTD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 500 shares of the technology company’s stock, valued at approximately $73,000.
Several other hedge funds and other institutional investors have also bought and sold shares of TTD. FMR LLC grew its stake in shares of Trade Desk by 106.3% in the second quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock worth $160,908,000 after purchasing an additional 883,811 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Trade Desk by 1,770.2% in the third quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock worth $102,358,000 after buying an additional 718,872 shares during the period. Baillie Gifford & Co. purchased a new stake in Trade Desk in the third quarter worth about $89,937,000. Vanguard Group Inc lifted its holdings in Trade Desk by 16.0% in the third quarter. Vanguard Group Inc now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after buying an additional 414,136 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Trade Desk by 16.0% in the third quarter. Vanguard Group Inc. now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after buying an additional 414,136 shares during the period. 67.89% of the stock is currently owned by institutional investors.
In other news, insider Brian John Stempeck sold 33,158 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $155.01, for a total transaction of $5,139,821.58. Following the completion of the sale, the insider now owns 57,262 shares of the company’s stock, valued at approximately $8,876,182.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul Ross sold 6,049 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $154.90, for a total transaction of $936,990.10. Following the sale, the chief financial officer now directly owns 38,644 shares of the company’s stock, valued at approximately $5,985,955.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,705 shares of company stock valued at $18,872,803. 23.54% of the stock is currently owned by insiders.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.06). The firm had revenue of $118.80 million for the quarter, compared to the consensus estimate of $117.48 million. Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. Trade Desk’s revenue was up 49.6% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. On average, research analysts forecast that Trade Desk Inc will post 1.56 EPS for the current fiscal year.
TTD has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of Trade Desk from $135.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. ValuEngine upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. SunTrust Banks lifted their target price on shares of Trade Desk to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. CIBC lifted their target price on shares of Trade Desk from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, December 14th. Finally, Zacks Investment Research lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $124.16.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
Further Reading: QQQ ETF
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