Kestra Private Wealth Services LLC increased its stake in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,827 shares of the technology company's stock after purchasing an additional 220 shares during the period. Kestra Private Wealth Services LLC's holdings in Trade Desk were worth $265,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. L.M. Kohn & Company acquired a new position in shares of Trade Desk during the first quarter worth $502,000. M Holdings Securities Inc. bought a new position in shares of Trade Desk during the first quarter valued at $771,000. Advisory Services Network LLC grew its stake in shares of Trade Desk by 14.7% in the first quarter. Advisory Services Network LLC now owns 67,533 shares of the technology company's stock worth $4,677,000 after purchasing an additional 8,641 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Trade Desk by 102.2% in the first quarter. The Manufacturers Life Insurance Company now owns 23,539 shares of the technology company's stock valued at $1,658,000 after purchasing an additional 11,899 shares during the period. Finally, Resources Management Corp CT ADV raised its position in Trade Desk by 3.5% during the 1st quarter. Resources Management Corp CT ADV now owns 8,952 shares of the technology company's stock worth $620,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 67.71% of the company's stock.
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Trade Desk Stock Performance
Trade Desk stock opened at $61.63 on Thursday. The stock has a market cap of $29.88 billion, a P/E ratio of 880.55, a PEG ratio of 12.51 and a beta of 1.94. The Trade Desk, Inc. has a fifty-two week low of $39.00 and a fifty-two week high of $114.09. The firm's fifty day moving average price is $58.66 and its 200-day moving average price is $56.86.
Trade Desk (NASDAQ:TTD – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.06). Trade Desk had a net
margin of 2.43% and a return on equity of 2.16%. The business had revenue of $376.96 million for the quarter, compared to analysts' expectations of $365.20 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm's revenue for the quarter was up 34.6% on a year-over-year basis. Sell-side analysts predict that The Trade Desk, Inc. will post 0.21 earnings per share for the current year.
Wall Street Analysts Forecast Growth
TTD has been the subject of a number of recent analyst reports. KeyCorp increased their target price on shares of Trade Desk from $52.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, August 10th. DA Davidson lifted their target price on shares of Trade Desk from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, August 10th. Oppenheimer upped their price target on shares of Trade Desk from $60.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, August 10th. Jefferies Financial Group lowered their price objective on Trade Desk from $75.00 to $65.00 in a research report on Thursday, August 4th. Finally, Needham & Company LLC upped their target price on Trade Desk from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.24.
Insider Buying and Selling at Trade Desk
In other Trade Desk news, CFO Blake Jeffrey Grayson sold 3,676 shares of the firm's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total value of $266,510.00. Following the completion of the sale, the chief financial officer now directly owns 197,858 shares in the company, valued at $14,344,705. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.79% of the company's stock.
Trade Desk Profile
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Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.
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