Blair William & Co. IL Has $1.52 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Blair William & Co. IL boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 52.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,924 shares of the technology company's stock after purchasing an additional 4,448 shares during the period. Blair William & Co. IL's holdings in Trade Desk were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTD. Rockefeller Capital Management L.P. raised its stake in shares of Trade Desk by 6.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,836 shares of the technology company's stock worth $4,697,000 after purchasing an additional 2,516 shares in the last quarter. Captrust Financial Advisors increased its holdings in Trade Desk by 2.3% in the third quarter. Captrust Financial Advisors now owns 14,404 shares of the technology company's stock worth $1,579,000 after buying an additional 322 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Trade Desk during the third quarter valued at approximately $255,000. Edgestream Partners L.P. lifted its stake in Trade Desk by 58.5% in the third quarter. Edgestream Partners L.P. now owns 13,686 shares of the technology company's stock valued at $1,501,000 after acquiring an additional 5,050 shares during the last quarter. Finally, Paloma Partners Management Co grew its position in Trade Desk by 202.2% in the third quarter. Paloma Partners Management Co now owns 4,918 shares of the technology company's stock worth $539,000 after acquiring an additional 9,728 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.72% of the company's stock.

Trade Desk Price Performance

Shares of TTD traded down $2.84 during mid-day trading on Friday, reaching $46.24. The company had a trading volume of 15,267,052 shares, compared to its average volume of 4,950,409. The company's 50-day moving average is $78.11 and its 200-day moving average is $106.55. The company has a market capitalization of $22.94 billion, a P/E ratio of 59.28, a P/E/G ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a twelve month low of $45.05 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Trade Desk from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group reduced their price target on Trade Desk from $120.00 to $75.00 and set a "buy" rating for the company in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $145.00 price objective on shares of Trade Desk in a report on Thursday, March 13th. Stifel Nicolaus reduced their target price on Trade Desk from $144.00 to $122.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Scotiabank lowered their price target on Trade Desk from $133.00 to $83.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.38.

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.