PFG Investments LLC Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

PFG Investments LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,340 shares of the technology company’s stock, valued at approximately $467,000.

Several other hedge funds also recently modified their holdings of the stock. 9258 Wealth Management LLC increased its stake in Trade Desk by 2.2% during the 3rd quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after purchasing an additional 131 shares in the last quarter. Latitude Advisors LLC increased its stake in Trade Desk by 5.0% during the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after purchasing an additional 133 shares in the last quarter. Level Financial Advisors Inc. increased its stake in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Trade Desk by 1.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after purchasing an additional 150 shares in the last quarter. Finally, Fiduciary Trust Co increased its stake in Trade Desk by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 2.0 %

Trade Desk stock traded down $1.65 during midday trading on Tuesday, reaching $82.85. The stock had a trading volume of 2,440,408 shares, compared to its average volume of 4,456,404. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00. The firm’s 50-day moving average price is $83.38 and its 200 day moving average price is $75.60. The firm has a market capitalization of $40.51 billion, a PE ratio of 233.31, a P/E/G ratio of 4.67 and a beta of 1.50.

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 the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The company had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Equities research analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TTD shares. Stephens restated an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. BMO Capital Markets lifted 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. Susquehanna lifted their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Finally, KeyCorp lifted their price objective on shares of Trade Desk from $84.00 to $100.00 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 assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Activity

In other news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the sale, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Jeffrey Terry Green sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the transaction, the chief executive officer now directly owns 974,022 shares in the company, valued at $84,165,241.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock worth $53,970,398 over the last ninety days. Company insiders own 10.18% of the company’s stock.

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.