Strategic Financial Concepts LLC Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Financial Concepts LLC grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 3,401.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,506 shares of the technology company's stock after acquiring an additional 107,350 shares during the quarter. Strategic Financial Concepts LLC's holdings in Trade Desk were worth $12,988,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TTD. Baillie Gifford & Co. increased its stake in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock worth $4,245,218,000 after buying an additional 1,720,650 shares during the period. Jennison Associates LLC lifted its stake in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Edgewood Management LLC boosted its holdings in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. FMR LLC increased its stake in shares of Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock worth $286,867,000 after acquiring an additional 32,999 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Trade Desk by 3.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock valued at $231,294,000 after acquiring an additional 68,206 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Activity

In related news, 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 value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company's stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company's stock, valued at $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 have sold 41,029 shares of company stock valued at $5,004,296 over the last ninety days. 9.72% of the stock is currently owned by insiders.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded down $3.28 during trading hours on Wednesday, hitting $76.75. The company's stock had a trading volume of 14,272,354 shares, compared to its average volume of 6,869,008. The company has a market capitalization of $37.88 billion, a price-to-earnings ratio of 98.40, a P/E/G ratio of 2.80 and a beta of 1.45. The firm's fifty day moving average price is $117.64 and its 200 day moving average price is $115.23. The Trade Desk, Inc. has a 52 week low of $76.12 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts predict that The Trade Desk, Inc. will post 1.25 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

TTD has been the subject of a number of recent research reports. JMP Securities lowered their price objective on Trade Desk from $150.00 to $115.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. StockNews.com downgraded Trade Desk from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. Citizens Jmp upgraded Trade Desk to a "strong-buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on Trade Desk from $144.00 to $122.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $145.00 target price on shares of Trade Desk in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.97.

Trade Desk 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.