Motley Fool Asset Management LLC Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Motley Fool Asset Management LLC increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 6.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,525 shares of the technology company’s stock after buying an additional 843 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Trade Desk were worth $1,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Jennison Associates LLC raised its position in shares of Trade Desk by 91.7% during the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after buying an additional 6,978,352 shares during the last quarter. Invesco Ltd. increased its holdings in Trade Desk by 9.6% in the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock valued at $461,039,000 after acquiring an additional 517,842 shares during the last quarter. Northern Trust Corp lifted its stake in Trade Desk by 3.6% in the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock worth $223,593,000 after purchasing an additional 98,286 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Trade Desk by 9.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,203,957 shares of the technology company’s stock valued at $172,239,000 after purchasing an additional 182,918 shares during the last quarter. Finally, ARK Investment Management LLC grew its position in shares of Trade Desk by 1,162.0% during the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after purchasing an additional 1,979,319 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $1.39 on Friday, hitting $84.73. 2,943,651 shares of the company’s stock were exchanged, compared to its average volume of 4,514,867. The stock has a market capitalization of $41.43 billion, a price-to-earnings ratio of 236.01, a price-to-earnings-growth ratio of 4.62 and a beta of 1.50. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00. The business’s 50 day simple moving average is $83.55 and its two-hundred day simple moving average is $75.73.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Equities analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Truist Financial raised their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Oppenheimer upped their price target on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada increased their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Activity

In related news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 492,170 shares of company stock valued at $41,250,398. Corporate insiders own 10.18% of the company’s stock.

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.