Empower Advisory Group LLC Grows Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Empower Advisory Group LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,608 shares of the technology company's stock after buying an additional 6,154 shares during the quarter. Empower Advisory Group LLC's holdings in Trade Desk were worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wealth Quarterback LLC acquired a new stake in Trade Desk in the 4th quarter valued at $263,000. Pittenger & Anderson Inc. grew its position in Trade Desk by 64.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 12,930 shares of the technology company's stock valued at $1,520,000 after purchasing an additional 5,060 shares during the period. Evergreen Wealth Management LLC grew its position in Trade Desk by 5.7% in the 4th quarter. Evergreen Wealth Management LLC now owns 8,115 shares of the technology company's stock valued at $954,000 after purchasing an additional 438 shares during the period. Mathes Company Inc. acquired a new stake in Trade Desk in the 4th quarter valued at $235,000. Finally, State of New Jersey Common Pension Fund D grew its position in Trade Desk by 0.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 164,767 shares of the technology company's stock valued at $19,365,000 after purchasing an additional 659 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Trading Down 4.8 %

Shares of NASDAQ TTD traded down $3.67 during midday trading on Friday, hitting $72.06. 12,810,867 shares of the company's stock were exchanged, compared to its average volume of 7,245,894. The Trade Desk, Inc. has a 12-month low of $71.61 and a 12-month high of $141.53. The company has a market cap of $35.57 billion, a price-to-earnings ratio of 92.38, a PEG ratio of 3.15 and a beta of 1.45. The business's fifty day moving average price is $116.48 and its two-hundred day moving average price is $114.96.

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

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

Analyst Ratings Changes

TTD has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Trade Desk from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. KeyCorp lifted their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Susquehanna cut their price objective on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 price objective on shares of Trade Desk in a report on Thursday, February 13th. Finally, New Street Research raised shares of Trade Desk from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $119.45.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the company'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 completion of the sale, the insider now owns 169,464 shares of the company's stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction that occurred on 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 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. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 over the last quarter. 9.72% of the stock is owned by corporate 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.