Stratos Wealth Advisors LLC Buys 51,262 Shares of The Trade Desk $TTD

Stratos Wealth Advisors LLC lifted its stake in The Trade Desk (NASDAQ:TTD) by 1,552.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,565 shares of the technology company’s stock after purchasing an additional 51,262 shares during the period. Stratos Wealth Advisors LLC’s holdings in Trade Desk were worth $2,674,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Trade Desk in the third quarter worth about $410,000. Prospera Financial Services Inc raised its position in shares of Trade Desk by 86.6% during the 3rd quarter. Prospera Financial Services Inc now owns 21,667 shares of the technology company’s stock valued at $1,062,000 after acquiring an additional 10,058 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Trade Desk by 91.1% in the 3rd quarter. Profund Advisors LLC now owns 63,688 shares of the technology company’s stock worth $3,121,000 after purchasing an additional 30,353 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Trade Desk by 2.3% during the third quarter. Linden Thomas Advisory Services LLC now owns 26,776 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 597 shares during the period. Finally, New York Life Investment Management LLC bought a new stake in Trade Desk in the third quarter valued at about $2,986,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $27.23 on Thursday. The stock has a market cap of $13.17 billion, a PE ratio of 31.30, a P/E/G ratio of 1.10 and a beta of 1.10. The firm has a 50-day moving average of $35.37 and a 200-day moving average of $46.34. The Trade Desk has a 52-week low of $26.01 and a 52-week high of $122.46.

Trade Desk declared that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TTD has been the topic of a number of analyst reports. DA Davidson cut their price target on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Rosenblatt Securities dropped their price target on Trade Desk from $64.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Bank of America reduced their target price on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Susquehanna reduced their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Finally, BNP Paribas Exane started coverage on shares of Trade Desk in a report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $63.91.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.