The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,726 shares of the technology company's stock after purchasing an additional 18,362 shares during the period. Sei Investments Co. owned 0.07% of Trade Desk worth $40,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new stake in Trade Desk during the 4th quarter worth $26,000. Harbor Investment Advisory LLC increased its position in shares of Trade Desk by 68.8% during 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. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at about $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the 4th quarter valued at about $34,000. Finally, Exchange Traded Concepts LLC purchased a new position in Trade Desk during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Price Performance

TTD traded down $1.41 during trading on Friday, hitting $55.85. The company's stock had a trading volume of 6,423,398 shares, compared to its average volume of 4,776,836. The Trade Desk, Inc. has a twelve month low of $53.39 and a twelve month high of $141.53. The firm's 50 day moving average price is $85.01 and its 200-day moving average price is $108.31. The stock has a market cap of $27.71 billion, a PE ratio of 71.60, a PEG ratio of 3.11 and a beta of 1.63.

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

Trade Desk declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

TTD has been the subject of several research analyst reports. Cfra Research raised Trade Desk to a "moderate buy" rating in a report on Tuesday. Scotiabank decreased their price target on shares of Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. KeyCorp reduced their target price on shares of Trade Desk from $130.00 to $74.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Wells Fargo & Company decreased their target price on shares of Trade Desk from $142.00 to $101.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $110.00 price objective (down from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $116.41.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was 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 directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business's stock in a transaction dated 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 sale, the insider now owns 169,464 shares of the company's stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock valued at $5,004,296 over the last quarter. Company insiders own 9.72% of the company's stock.

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.