Benjamin F. Edwards & Company Inc. Buys 4,561 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Benjamin F. Edwards & Company Inc. increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 29.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,808 shares of the technology company’s stock after buying an additional 4,561 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Trade Desk were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. ARK Investment Management LLC raised its stake in Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after buying an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Trade Desk during the 3rd quarter valued at $99,035,000. International Assets Investment Management LLC boosted its stake in shares of Trade Desk by 6,600.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock worth $78,549,000 after buying an additional 1,075,269 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Trade Desk by 81.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock worth $105,472,000 after acquiring an additional 659,337 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 0.5 %

NASDAQ:TTD opened at $88.59 on Monday. The company has a market capitalization of $43.32 billion, a P/E ratio of 246.09, a P/E/G ratio of 4.88 and a beta of 1.50. The business’s 50-day moving average is $83.69 and its 200 day moving average is $75.80. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The firm had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. On average, research analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock worth $53,970,398 over the last 90 days. 10.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent research reports. Oppenheimer increased their target price on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Truist Financial raised their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Stephens reaffirmed an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a research note on Thursday, March 21st. Finally, Susquehanna boosted their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.38.

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.