The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by MML Investors Services LLC

MML Investors Services LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,338 shares of the technology company's stock after purchasing an additional 24,201 shares during the quarter. MML Investors Services LLC's holdings in Trade Desk were worth $10,147,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Advisory Resource Group lifted its position in Trade Desk by 1.0% during the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 101 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Trade Desk by 357.9% in the 3rd quarter. Anchor Investment Management LLC now owns 870 shares of the technology company's stock valued at $95,000 after buying an additional 680 shares during the period. World Investment Advisors LLC boosted its stake in shares of Trade Desk by 10.0% in the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company's stock worth $970,000 after buying an additional 803 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Trade Desk during the third quarter worth about $1,194,000. Finally, Synovus Financial Corp purchased a new position in Trade Desk during the third quarter valued at approximately $245,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Trading Up 2.3 %

Shares of NASDAQ TTD opened at $48.66 on Wednesday. The stock has a fifty day simple moving average of $59.36 and a 200-day simple moving average of $100.67. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53. The stock has a market capitalization of $24.14 billion, a PE ratio of 62.38, a PEG ratio of 3.11 and a beta of 1.56.

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 the consensus estimate 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 analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTD. JMP Securities dropped their price objective on shares of Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. BMO Capital Markets dropped their price target on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. DA Davidson decreased their price objective on shares of Trade Desk from $134.00 to $103.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Citizens Jmp raised shares of Trade Desk to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Susquehanna cut their price target 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. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.10.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the company'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 sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.

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