Callan Family Office LLC Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Callan Family Office LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,909 shares of the technology company's stock, valued at approximately $812,000.

Several other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. lifted its stake in shares of Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares during the last quarter. Edgewood Management LLC lifted its stake in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares during the last quarter. FMR LLC lifted its stake in shares of Trade Desk by 1.3% during the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock worth $286,867,000 after acquiring an additional 32,999 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Trade Desk by 3.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock valued at $231,294,000 after purchasing an additional 68,206 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business's stock in a transaction that occurred on 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 owns 169,464 shares of the company's stock, 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. In the last 90 days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Down 0.1 %

Shares of TTD stock traded down $0.07 on Friday, hitting $64.91. The company had a trading volume of 11,469,784 shares, compared to its average volume of 8,075,771. The firm has a market cap of $32.20 billion, a P/E ratio of 83.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The company has a 50-day moving average price of $103.94 and a 200-day moving average price of $113.21. The Trade Desk, Inc. has a twelve month low of $63.82 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 the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Equities research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has approved a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTD. StockNews.com lowered Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Wedbush lifted their target price on Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Cantor Fitzgerald decreased their target price on Trade Desk from $115.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada decreased their target price on Trade Desk from $140.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Evercore ISI lowered Trade Desk from an "outperform" rating to an "inline" rating and decreased their target price for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $119.45.

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.