AlphaQuest LLC Acquires 3,182 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

by · The Cerbat Gem

AlphaQuest LLC increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 410.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,958 shares of the technology company’s stock after acquiring an additional 3,182 shares during the period. AlphaQuest LLC’s holdings in Trade Desk were worth $465,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc boosted its stake in shares of Trade Desk by 3.3% during the 3rd quarter. Atria Investments Inc now owns 31,876 shares of the technology company’s stock worth $3,495,000 after buying an additional 1,033 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Trade Desk during the third quarter valued at approximately $271,000. Prime Capital Investment Advisors LLC boosted its position in Trade Desk by 7.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 10,367 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 718 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in Trade Desk by 3.6% in the third quarter. Aptus Capital Advisors LLC now owns 4,116 shares of the technology company’s stock valued at $451,000 after purchasing an additional 144 shares in the last quarter. Finally, Empower Advisory Group LLC increased its position in shares of Trade Desk by 91.2% during the 3rd quarter. Empower Advisory Group LLC now owns 12,454 shares of the technology company’s stock worth $1,366,000 after purchasing an additional 5,942 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Oppenheimer cut their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. 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 research note on Friday, February 14th. JMP Securities dropped their target price on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. KeyCorp raised their target price on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Loop Capital lowered their price target on Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Six investment 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’s stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $119.45.

Read Our Latest Analysis on TTD

Trade Desk Stock Performance

TTD opened at $53.88 on Friday. The Trade Desk, Inc. has a 52-week low of $53.74 and a 52-week high of $141.53. The firm has a market cap of $26.73 billion, a P/E ratio of 69.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The business’s fifty day moving average is $100.42 and its 200-day moving average is $112.21.

Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, research analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share repurchase 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk 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 transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. The trade was 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 link. 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 transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 over the last three months. 9.72% of the stock is owned by insiders.

About Trade Desk

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc. (NASDAQ:TTD – Free Report).