Kingswood Wealth Advisors LLC Takes $757,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Kingswood Wealth Advisors LLC acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,439 shares of the technology company's stock, valued at approximately $757,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Edgewood Management LLC lifted its position in 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 period. Jennison Associates LLC raised its position in Trade Desk by 11.0% during 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 in the last quarter. Baillie Gifford & Co. lifted its holdings 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 during the period. International Assets Investment Management LLC increased its holdings in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company's stock valued at $172,460,000 after purchasing an additional 1,558,465 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Trade Desk by 55.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company's stock valued at $169,892,000 after purchasing an additional 551,925 shares during the period. 67.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 512,953 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the sale, the chief executive officer now directly owns 243,476 shares of the company's stock, valued at $30,354,152.92. This represents a 67.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TTD has been the topic of a number of research reports. Susquehanna reaffirmed a "positive" rating and issued a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a report on Monday, November 11th. Wedbush increased their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Finally, BTIG Research upped their price objective on Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $133.13.

Trade Desk Stock Down 2.3 %

Shares of TTD traded down $2.87 during trading hours on Thursday, hitting $119.72. The company had a trading volume of 1,649,849 shares, compared to its average volume of 3,390,878. The firm has a market cap of $59.09 billion, a price-to-earnings ratio of 196.49, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53. The business has a fifty day moving average of $125.87 and a 200-day moving average of $114.01.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $619.89 million. During the same period in the previous year, the company posted $0.08 EPS. On average, equities analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

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.