Chicago Partners Investment Group LLC Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Chicago Partners Investment Group LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,621 shares of the technology company’s stock after acquiring an additional 874 shares during the period. Chicago Partners Investment Group LLC’s holdings in Trade Desk were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTD. CAP Partners LLC raised its holdings in Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after purchasing an additional 86 shares during the period. RMR Wealth Builders boosted its stake in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the last quarter. Allworth Financial LP increased its position in shares of Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares in the last quarter. Parisi Gray Wealth Management lifted its holdings in Trade Desk by 2.2% in the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock valued at $533,000 after purchasing an additional 99 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 0.2 %

NASDAQ TTD opened at $118.68 on Monday. The firm has a market cap of $58.58 billion, a P/E ratio of 194.56, a P/E/G ratio of 3.88 and a beta of 1.45. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The business’s 50-day moving average price is $125.48 and its 200 day moving average price is $114.40.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TTD shares. Wells Fargo & Company raised their price target on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Wedbush increased their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Susquehanna reissued a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. Finally, Benchmark reaffirmed a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $133.13.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the completion of the transaction, the chief executive officer now owns 243,476 shares in the company, valued at approximately $30,354,152.92. The trade was a 67.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 553,982 shares of company stock worth $68,954,147 over the last three months. 9.72% of the stock is currently owned by corporate insiders.

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.