Mount Yale Investment Advisors LLC Buys 1,009 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Mount Yale Investment Advisors LLC boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,466 shares of the technology company’s stock after acquiring an additional 1,009 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Trade Desk were worth $740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in Trade Desk by 91.7% during 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 purchasing an additional 6,978,352 shares during the last quarter. Norges Bank bought a new stake in Trade Desk during the 4th quarter worth approximately $255,316,000. 1832 Asset Management L.P. acquired a new stake in Trade Desk during the 1st quarter valued at $225,710,000. International Assets Investment Management LLC raised its position in 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 valued at $78,549,000 after purchasing an additional 1,075,269 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after purchasing an additional 818,568 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Down 0.2 %

Shares of TTD stock traded down $0.15 on Tuesday, hitting $92.06. The stock had a trading volume of 233,154 shares, compared to its average volume of 4,096,982. The firm has a market cap of $45.03 billion, a P/E ratio of 231.08, a PEG ratio of 4.73 and a beta of 1.48. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $102.67. The company has a fifty day moving average price of $96.52 and a two-hundred day moving average price of $86.21.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTD. Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and lifted their price target for the company from $95.00 to $105.00 in a report on Thursday, May 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $108.00 target price (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. DA Davidson raised their price target on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, July 22nd. Finally, Citigroup increased their price objective on Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $100.59.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $70,606,106.34. The disclosure for this sale can be found here. In the last three months, insiders sold 213,909 shares of company stock valued at $20,827,601. 10.18% of the stock is owned by corporate 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.