TFB Advisors LLC Acquires New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

TFB Advisors LLC bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,665 shares of the technology company’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTD. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the 2nd quarter valued at $30,000. EdgeRock Capital LLC bought a new position in Trade Desk during the second quarter valued at about $37,000. Quarry LP acquired a new stake in shares of Trade Desk in the second quarter worth about $41,000. Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Down 5.6 %

Trade Desk stock opened at $125.13 on Friday. The business’s 50 day simple moving average is $112.83 and its 200 day simple moving average is $101.00. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $132.65. The company has a market cap of $61.51 billion, a price-to-earnings ratio of 250.26, a PEG ratio of 6.00 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 over the last quarter. Company insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of recent analyst reports. Loop Capital lifted their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. UBS Group upped their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC lifted their price objective on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley increased their target price on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.69.

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.