J.W. Cole Advisors Inc. Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

J.W. Cole Advisors Inc. raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 84.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,488 shares of the technology company’s stock after buying an additional 13,490 shares during the period. J.W. Cole Advisors Inc.’s holdings in Trade Desk were worth $3,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTD. Brookstone Capital Management boosted its stake in shares of Trade Desk by 33.6% during the first quarter. Brookstone Capital Management now owns 4,477 shares of the technology company’s stock valued at $391,000 after purchasing an additional 1,126 shares during the period. Congress Wealth Management LLC DE boosted its position in Trade Desk by 9.0% during the 1st quarter. Congress Wealth Management LLC DE now owns 134,103 shares of the technology company’s stock valued at $11,723,000 after buying an additional 11,086 shares during the period. CAP Partners LLC grew its holdings in Trade Desk by 5.8% in the 1st quarter. CAP Partners LLC now owns 5,823 shares of the technology company’s stock worth $509,000 after acquiring an additional 318 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Trade Desk by 3.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after acquiring an additional 59,161 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its stake in shares of Trade Desk by 0.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 58,542 shares of the technology company’s stock valued at $5,118,000 after acquiring an additional 296 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $119.47 on Monday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $121.44. The firm’s 50-day moving average is $109.08 and its 200 day moving average is $98.42. The stock has a market cap of $58.73 billion, a price-to-earnings ratio of 238.94, a PEG ratio of 5.75 and a beta of 1.48.

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

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,897 shares of company stock valued at $170,121,565. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTD shares. BTIG Research raised their target price on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Loop Capital lifted their price objective on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Benchmark boosted their target price on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. KeyCorp raised their price target on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Moffett Nathanson began coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.97.

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.