The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 18.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 162,197 shares of the technology company's stock after acquiring an additional 25,608 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Trade Desk were worth $19,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTD. Focus Financial Network Inc. grew its stake 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 in the last quarter. RMR Wealth Builders increased its stake in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after acquiring an additional 89 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake 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 valued at $276,000 after purchasing an additional 94 shares during the last quarter. TFB Advisors LLC raised its holdings in Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock valued at $442,000 after buying an additional 94 shares during the period. Finally, Centurion Wealth Management LLC lifted its holdings in shares of Trade Desk by 2.6% in the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after acquiring an additional 96 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents 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 owned by insiders.

Analysts Set New Price Targets

TTD has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Morgan Stanley dropped their target price on shares of Trade Desk from $132.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. UBS Group lowered their price target on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a report on Friday, April 11th. Evercore ISI lowered Trade Desk from an "outperform" rating to an "inline" rating and decreased their target price for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Finally, Piper Sandler began coverage on Trade Desk in a report on Thursday, April 17th. They issued a "neutral" rating and a $55.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.90.

Trade Desk Price Performance

NASDAQ:TTD traded up $3.19 during midday trading on Thursday, hitting $53.27. The company's stock had a trading volume of 6,833,388 shares, compared to its average volume of 5,351,318. The Trade Desk, Inc. has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a market cap of $26.43 billion, a P/E ratio of 68.29, a P/E/G ratio of 3.11 and a beta of 1.56. The firm's 50 day moving average is $58.22 and its 200-day moving average is $99.92.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.