The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 10.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 381,286 shares of the technology company's stock after acquiring an additional 34,804 shares during the period. Stifel Financial Corp owned about 0.08% of Trade Desk worth $44,813,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TTD. Vanguard Group Inc. lifted its position in Trade Desk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock valued at $5,015,035,000 after buying an additional 253,137 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Trade Desk by 2.6% during the 4th quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after buying an additional 198,822 shares during the period. Norges Bank acquired a new position in Trade Desk during the 4th quarter worth approximately $524,187,000. FMR LLC boosted its holdings in Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Trade Desk by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,019,707 shares of the technology company's stock valued at $237,376,000 after purchasing an additional 5,080 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTD. Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 price target on shares of Trade Desk in a report on Tuesday. Piper Sandler assumed coverage on Trade Desk in a research note on Thursday, April 17th. They issued a "neutral" rating and a $55.00 price target on the stock. Susquehanna lowered their price objective on Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, February 13th. Oppenheimer cut their target price on Trade Desk from $135.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Citizens Jmp raised shares of Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk has an average rating of "Moderate Buy" and a consensus price target of $101.34.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.72% of the company's stock.

Trade Desk Stock Performance

Shares of TTD stock traded up $0.70 during trading hours on Friday, reaching $53.97. The company had a trading volume of 6,287,369 shares, compared to its average volume of 5,359,540. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The business has a fifty day moving average price of $57.70 and a 200-day moving average price of $99.50. The firm has a market cap of $26.77 billion, a PE ratio of 69.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced 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 net margin of 16.08% and a return on equity of 16.38%. Equities research 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 program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.