Global Retirement Partners LLC Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

Global Retirement Partners LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 136.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,514 shares of the technology company’s stock after purchasing an additional 8,364 shares during the quarter. Global Retirement Partners LLC’s holdings in Trade Desk were worth $1,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ithaka Group LLC raised its stake in shares of Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after purchasing an additional 4,836 shares during the period. Nordea Investment Management AB boosted its position in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares during the period. Assetmark Inc. grew its position in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Swiss National Bank grew its holdings in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after buying an additional 4,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Trade Desk by 3.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after buying an additional 68,206 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTD shares. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. UBS Group increased their price target on shares of Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a report on Friday, February 14th. Evercore ISI lowered Trade Desk from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.45.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $75.73 on Friday. The firm has a market capitalization of $37.38 billion, a price-to-earnings ratio of 97.09, a PEG ratio of 3.28 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $74.10 and a one year high of $141.53. The company’s fifty day moving average price is $116.48 and its 200-day moving average price is $114.96.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share 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%. As a group, equities research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 over the last three months. Corporate insiders own 9.72% of the company’s stock.

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.