4,130 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,130 shares of the technology company's stock, valued at approximately $485,000.

Several other large investors also recently bought and sold shares of TTD. Edgewood Management LLC boosted its holdings in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares in the last quarter. Jennison Associates LLC lifted its position in Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after acquiring an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company's stock worth $172,460,000 after purchasing an additional 1,558,465 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Trade Desk by 55.3% during the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company's stock worth $169,892,000 after purchasing an additional 551,925 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Down 0.2 %

Shares of TTD traded down $0.18 during mid-day trading on Friday, reaching $118.76. 2,394,049 shares of the company's stock were exchanged, compared to its average volume of 3,402,668. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The company has a market cap of $58.62 billion, a price-to-earnings ratio of 194.69, a PEG ratio of 3.88 and a beta of 1.45. The company has a 50-day simple moving average of $125.70 and a two-hundred day simple moving average of $114.05.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same quarter last year, the company posted $0.08 EPS. As a group, equities research analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company's stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 553,982 shares of company stock valued at $68,954,147. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TTD. New Street Research upgraded Trade Desk from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $85.00 to $115.00 in a research note on Monday, November 25th. KeyCorp raised their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Loop Capital upped their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a report on Monday, November 11th. Royal Bank of Canada raised their price target on Trade Desk from $136.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Wedbush upped their price objective on Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and an average target price of $133.13.

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.