Vestor Capital LLC Invests $4.89 Million in The Trade Desk, Inc. (NASDAQ:TTD)

Vestor Capital LLC acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,641 shares of the technology company's stock, valued at approximately $4,894,000.

A number of other hedge funds also recently bought and sold shares of the company. Focus Financial Network Inc. boosted its holdings in Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock valued at $456,000 after acquiring an additional 84 shares during the period. RMR Wealth Builders grew its holdings in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after purchasing an additional 89 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock worth $276,000 after buying an additional 94 shares during the period. TFB Advisors LLC raised its holdings in Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock valued at $442,000 after buying an additional 94 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its position in Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock valued at $443,000 after buying an additional 96 shares during the period. Institutional investors own 67.77% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TTD shares. StockNews.com lowered Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. KeyCorp cut their price target on shares of Trade Desk from $130.00 to $74.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. JMP Securities decreased their price objective on shares of Trade Desk from $150.00 to $115.00 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada cut their target price on shares of Trade Desk from $120.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Finally, Citizens Jmp raised shares of Trade Desk to a "strong-buy" rating in a research note on Tuesday, January 21st. Six equities 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 company has a consensus rating of "Moderate Buy" and an average price target of $116.41.

Trade Desk Stock Performance

NASDAQ TTD traded down $3.20 on Wednesday, hitting $58.80. 10,488,053 shares of the stock were exchanged, compared to its average volume of 4,666,484. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53. The firm has a market capitalization of $29.17 billion, a P/E ratio of 75.38, a P/E/G ratio of 3.11 and a beta of 1.63. The stock has a fifty day moving average price of $87.66 and a two-hundred day moving average price of $108.97.

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 the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Sell-side analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,029 shares of company stock valued at $5,004,296. 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.