The Trade Desk, Inc. (NASDAQ:TTD) Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 877,984 shares of the technology company's stock after purchasing an additional 125,440 shares during the quarter. Envestnet Asset Management Inc. owned 0.18% of Trade Desk worth $103,189,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aviva PLC lifted its holdings in shares of Trade Desk by 51.7% in the fourth quarter. Aviva PLC now owns 270,135 shares of the technology company's stock valued at $31,749,000 after purchasing an additional 92,110 shares in the last quarter. Oarsman Capital Inc. raised its position in shares of Trade Desk by 93.4% during the 4th quarter. Oarsman Capital Inc. now owns 1,766 shares of the technology company's stock worth $208,000 after purchasing an additional 853 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Trade Desk in the 4th quarter valued at approximately $14,843,000. Pitcairn Co. grew its holdings in Trade Desk by 313.9% during the 4th quarter. Pitcairn Co. now owns 17,654 shares of the technology company's stock valued at $2,075,000 after buying an additional 13,389 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its position in Trade Desk by 14.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 25,647 shares of the technology company's stock worth $3,014,000 after buying an additional 3,284 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on 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 directly 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 9.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on TTD shares. Citizens Jmp upgraded Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. JMP Securities reduced their price target on Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Susquehanna lowered their price objective on Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 13th. Cfra Research raised shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $145.00 target price on shares of Trade Desk in a report on Thursday, March 13th. Six 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.79.

Trade Desk Stock Up 1.0 %

Shares of NASDAQ:TTD traded up $0.51 during trading on Friday, hitting $49.78. 7,135,822 shares of the company traded hands, compared to its average volume of 5,166,979. The stock has a market capitalization of $24.70 billion, a price-to-earnings ratio of 63.82, a PEG ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The business's fifty day moving average is $68.37 and its 200-day moving average is $103.60.

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 analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

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.