Wellington Management Group LLP Purchases 10,109 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Wellington Management Group LLP boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,559,508 shares of the technology company's stock after acquiring an additional 10,109 shares during the period. Wellington Management Group LLP owned about 0.31% of Trade Desk worth $183,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lyell Wealth Management LP increased its holdings in shares of Trade Desk by 24.3% in the 4th 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 period. Nordea Investment Management AB increased its stake in shares of Trade Desk by 36.2% in the fourth 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 period. Assenagon Asset Management S.A. raised its holdings in shares of Trade Desk by 276.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company's stock valued at $8,255,000 after buying an additional 51,603 shares during the last quarter. Independent Solutions Wealth Management LLC boosted its position in shares of Trade Desk by 21.0% during the third quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company's stock worth $7,057,000 after buying an additional 11,181 shares during the period. Finally, Moody National Bank Trust Division bought a new position in Trade Desk in the 4th quarter worth approximately $985,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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Trade Desk Trading Down 5.8 %

NASDAQ:TTD traded down $2.84 on Friday, hitting $46.24. 15,267,052 shares of the company's stock traded hands, compared to its average volume of 4,950,409. The company has a market cap of $22.94 billion, a PE ratio of 59.28, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 1 year low of $45.05 and a 1 year high of $141.53. The firm has a 50-day moving average price of $78.11 and a 200-day moving average price of $106.55.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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%. On average, research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $509,570.88. Following the transaction, 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. 9.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TTD shares. JMP Securities cut their target price on 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. Jefferies Financial Group cut their price objective on shares of Trade Desk from $120.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday. Wolfe Research increased their target price on shares of Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Benchmark upgraded shares of Trade Desk from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Susquehanna reduced their price target on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, February 13th. Six 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

About Trade Desk

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.