Jump Financial LLC Has $16.81 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

Jump Financial LLC grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 404.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,020 shares of the technology company's stock after purchasing an additional 114,687 shares during the period. Jump Financial LLC's holdings in Trade Desk were worth $16,809,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TTD. Rialto Wealth Management LLC acquired a new position in Trade Desk during the fourth quarter valued at $26,000. Harbor Investment Advisory LLC lifted its position in shares of Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after purchasing an additional 117 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth approximately $34,000. Zions Bancorporation N.A. increased its stake in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after buying an additional 175 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $35,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TTD shares. Cfra Research upgraded shares of Trade Desk to a "moderate buy" rating in a report on Tuesday, March 25th. Royal Bank of Canada lowered their price objective on Trade Desk from $120.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Wolfe Research boosted their target price on Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Susquehanna dropped their price target on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, February 13th. Finally, Piper Sandler initiated coverage on shares of Trade Desk in a report on Thursday. They set a "neutral" rating and a $55.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.10.

Trade Desk Price Performance

Shares of TTD stock traded up $1.81 during trading hours on Friday, hitting $50.26. 13,946,560 shares of the company's stock were exchanged, compared to its average volume of 5,277,375. The stock's 50-day moving average is $61.52 and its 200-day moving average is $101.61. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 64.44, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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%. Equities research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Company 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.