First Bank & Trust Buys New Stake in The Trade Desk, Inc. (NASDAQ:TTD)

First Bank & Trust purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,554 shares of the technology company's stock, valued at approximately $535,000.

A number of other large investors have also modified their holdings of the company. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in Trade Desk during the fourth quarter valued at approximately $39,000. Finally, Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTD. Truist Financial reduced their price objective on Trade Desk from $155.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. New Street Research upgraded Trade Desk from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Susquehanna dropped their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, February 13th. Loop Capital reduced their price target on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Robert W. Baird lowered their price objective on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.45.

Trade Desk Price Performance

Shares of NASDAQ TTD traded down $3.67 during trading hours on Friday, hitting $72.06. 12,740,850 shares of the stock were exchanged, compared to its average volume of 7,186,608. The Trade Desk, Inc. has a one year low of $71.61 and a one year high of $141.53. The company's 50 day moving average is $116.48 and its 200 day moving average is $114.96. The firm has a market capitalization of $35.57 billion, a P/E ratio of 92.38, a P/E/G ratio of 3.15 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 in the last 90 days. 9.72% of the stock is owned by company insiders.

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.