Tower Research Capital LLC TRC Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Tower Research Capital LLC TRC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 172.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,800 shares of the technology company's stock after purchasing an additional 20,135 shares during the quarter. Tower Research Capital LLC TRC's holdings in Trade Desk were worth $3,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lyell Wealth Management LP raised its position in shares of Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock worth $11,558,000 after acquiring an additional 19,204 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock valued at $159,132,000 after purchasing an additional 358,350 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Trade Desk by 276.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company's stock worth $8,255,000 after buying an additional 51,603 shares during the period. Independent Solutions Wealth Management LLC lifted its stake in shares of Trade Desk by 21.0% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company's stock valued at $7,057,000 after purchasing an additional 11,181 shares during the period. Finally, Moody National Bank Trust Division bought a new position in Trade Desk during the 4th quarter worth approximately $985,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citizens Jmp raised shares of Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. Wedbush upped their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Susquehanna dropped their price target on Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, February 13th. JMP Securities decreased their target price on shares of Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Wolfe Research increased their price target on Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Seven investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.90.

Trade Desk Stock Up 6.4 %

Trade Desk stock traded up $3.19 during mid-day trading on Thursday, hitting $53.27. 6,833,388 shares of the stock were exchanged, compared to its average volume of 5,351,318. The firm's fifty day simple moving average is $58.22 and its two-hundred day simple moving average is $99.92. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of 68.29, 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 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%. As a group, analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a share buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in 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 typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.72% of the stock is owned by insiders.

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.