WINTON GROUP Ltd Buys Shares of 12,014 The Trade Desk, Inc. (NASDAQ:TTD)

WINTON GROUP Ltd acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,014 shares of the technology company's stock, valued at approximately $1,412,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rialto Wealth Management LLC bought a new position in Trade Desk during the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC lifted its holdings in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after buying an additional 117 shares during the period. Synergy Asset Management LLC purchased a new position in shares of Trade Desk in the 4th quarter worth $34,000. Midwest Capital Advisors LLC bought a new stake in shares of Trade Desk in the fourth quarter worth $34,000. Finally, Zions Bancorporation N.A. increased its position in Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TTD shares. Needham & Company LLC restated a "buy" rating and set a $145.00 price target on shares of Trade Desk in a research note on Thursday, March 13th. Robert W. Baird dropped their price objective on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Cantor Fitzgerald reduced their target price on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Cfra Research upgraded shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada reduced their price objective on Trade Desk from $120.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.41.

Trade Desk Stock Up 4.2 %

TTD traded up $2.32 on Tuesday, hitting $57.04. The company had a trading volume of 2,625,852 shares, compared to its average volume of 4,784,315. The company has a market cap of $28.30 billion, a PE ratio of 73.21, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 12-month low of $52.90 and a 12-month high of $141.53. The business's fifty day simple moving average is $83.62 and its 200 day simple moving average is $108.07.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 completion of the sale, the insider now directly owns 90,709 shares of the company's stock, valued at $10,754,459.04. The trade was a 4.52 % 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 stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by insiders.

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.