1,970,305 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,970,305 shares of the technology company's stock, valued at approximately $231,570,000. Raymond James Financial Inc. owned 0.40% of Trade Desk as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Focus Financial Network Inc. raised its position in shares of Trade Desk by 2.2% in the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock worth $456,000 after buying an additional 84 shares during the period. CAP Partners LLC raised its position in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock worth $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders raised its position in shares of Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after buying an additional 89 shares during the period. Quotient Wealth Partners LLC raised its position in shares of Trade Desk by 4.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock worth $276,000 after buying an additional 94 shares during the period. Finally, TFB Advisors LLC raised its position in shares of Trade Desk by 2.6% in the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock worth $442,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

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Trade Desk Stock Down 0.1 %

TTD stock traded down $0.07 during midday trading on Friday, reaching $64.91. The company had a trading volume of 11,469,784 shares, compared to its average volume of 8,075,771. The stock has a 50 day moving average price of $105.07 and a 200 day moving average price of $113.33. The Trade Desk, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $141.53. The firm has a market capitalization of $32.20 billion, a PE ratio of 83.22, a P/E/G ratio of 3.11 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results 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 net margin of 16.08% and a return on equity of 16.38%. Research analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TTD shares. BMO Capital Markets lowered their price target on Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Loop Capital lowered their price target on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Morgan Stanley lowered their price target on Trade Desk from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Evercore ISI downgraded Trade Desk from an "outperform" rating to an "inline" rating and lowered their price target for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Finally, Robert W. Baird lowered their price target on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average price target of $119.45.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the business'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 transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business's 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 transaction, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 over the last ninety days. Company insiders own 9.72% of the company's stock.

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.