Vestmark Advisory Solutions Inc. Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Vestmark Advisory Solutions Inc. grew its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 23.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,486 shares of the technology company's stock after buying an additional 14,253 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Trade Desk were worth $8,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TTD. Edgewood Management LLC boosted its position in shares of Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the last quarter. Raymond James Financial Inc. bought a new position in Trade Desk during the fourth quarter worth about $231,570,000. Baillie Gifford & Co. lifted its holdings in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares in the last quarter. Finally, National Pension Service lifted its holdings in Trade Desk by 104.1% during the fourth quarter. National Pension Service now owns 1,264,985 shares of the technology company's stock worth $148,674,000 after acquiring an additional 645,240 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

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Trade Desk Trading Down 0.1 %

NASDAQ TTD traded down $0.07 during trading hours on Friday, hitting $64.91. The company's stock had a trading volume of 11,469,784 shares, compared to its average volume of 8,075,771. The Trade Desk, Inc. has a 52 week low of $63.82 and a 52 week high of $141.53. The company has a market capitalization of $32.20 billion, a PE ratio of 83.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The company's 50-day simple moving average is $105.07 and its two-hundred day simple moving average is $113.33.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.36 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%. Research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock valued at $5,004,296 in the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TTD has been the topic of several recent analyst reports. Wolfe Research lifted their target price on Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. StockNews.com lowered Trade Desk from a "buy" rating to a "hold" rating in a report on Saturday, November 30th. Wedbush lifted their target price on Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. KeyCorp lifted their target price on Trade Desk from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Stifel Nicolaus reduced their target price on Trade Desk from $144.00 to $122.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.45.

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.