Price T Rowe Associates Inc. MD Grows Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Price T Rowe Associates Inc. MD grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,375,266 shares of the technology company’s stock after purchasing an additional 99,634 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Trade Desk were worth $396,696,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have issued reports on TTD. DA Davidson dropped their target price on Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. 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. Wedbush raised their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, Robert W. Baird reduced their price objective on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.90.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $53.27 on Friday. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market capitalization of $26.43 billion, a P/E ratio of 68.29, a PEG ratio of 3.11 and a beta of 1.56. The company’s fifty day moving average price is $58.22 and its 200-day moving average price is $99.92.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (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%. Equities analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.