Orion Portfolio Solutions LLC Purchases 763 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Orion Portfolio Solutions LLC lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,226 shares of the technology company’s stock after purchasing an additional 763 shares during the period. Orion Portfolio Solutions LLC’s holdings in Trade Desk were worth $4,963,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TTD. Norges Bank acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $524,187,000. Blair William & Co. IL raised its stake in Trade Desk by 52.5% during the 4th quarter. Blair William & Co. IL now owns 12,924 shares of the technology company’s stock valued at $1,519,000 after purchasing an additional 4,448 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Trade Desk by 158.5% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,199 shares of the technology company’s stock valued at $729,000 after purchasing an additional 3,801 shares during the period. NEOS Investment Management LLC grew its position in Trade Desk by 20.1% in the 4th quarter. NEOS Investment Management LLC now owns 31,486 shares of the technology company’s stock worth $3,701,000 after purchasing an additional 5,259 shares during the last quarter. Finally, Sava Infond d.o.o. bought a new position in shares of Trade Desk during the 4th quarter worth about $82,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTD. Robert W. Baird reduced their target price on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Truist Financial decreased their price objective on Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Morgan Stanley cut their target price on Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Cfra Research upgraded shares of Trade Desk to a “moderate buy” rating in a research note on Tuesday, March 25th. Finally, Citizens Jmp upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.41.

Insider Buying and Selling at Trade Desk

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

Trade Desk Price Performance

TTD stock opened at $55.85 on Friday. The company has a 50 day moving average price of $85.01 and a 200 day moving average price of $108.37. The Trade Desk, Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $141.53. The stock has a market capitalization of $27.71 billion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63.

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

Trade Desk declared that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.