Lyell Wealth Management LP Has $11.56 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

Lyell Wealth Management LP boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 98,339 shares of the technology company's stock after buying an additional 19,204 shares during the period. Lyell Wealth Management LP's holdings in Trade Desk were worth $11,558,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Creative Planning lifted its position in Trade Desk by 10.6% in the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company's stock valued at $14,211,000 after acquiring an additional 12,384 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Trade Desk by 364.9% in the 3rd quarter. Blue Trust Inc. now owns 6,169 shares of the technology company's stock valued at $676,000 after purchasing an additional 4,842 shares during the period. OLD National Bancorp IN raised its stake in shares of Trade Desk by 31.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,555 shares of the technology company's stock valued at $390,000 after purchasing an additional 855 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in shares of Trade Desk by 29.2% during the third quarter. Toth Financial Advisory Corp now owns 1,550 shares of the technology company's stock worth $170,000 after buying an additional 350 shares during the period. Institutional investors own 67.77% of the company's stock.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the 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 completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Price Performance

TTD traded down $3.67 during trading on Friday, hitting $72.06. 12,810,867 shares of the stock traded hands, compared to its average volume of 7,245,894. The business has a 50 day moving average price of $115.27 and a 200 day moving average price of $114.88. The company has a market cap of $35.57 billion, a price-to-earnings ratio of 92.38, a PEG ratio of 3.15 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $71.61 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 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 1.06 earnings per share for the current year.

Trade Desk announced that its board has approved a stock repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TTD shares. JMP Securities lowered their price target 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 target price on Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wolfe Research raised their price target on Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. DA Davidson decreased their price target on shares of Trade Desk from $134.00 to $103.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group raised their price objective on shares of Trade Desk from $116.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.45.

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.