AE Wealth Management LLC Grows Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

AE Wealth Management LLC boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,176 shares of the technology company’s stock after purchasing an additional 155 shares during the period. AE Wealth Management LLC’s holdings in Trade Desk were worth $408,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. 1832 Asset Management L.P. purchased a new stake in shares of Trade Desk during the first quarter worth approximately $225,710,000. Vanguard Group Inc. lifted its stake in shares of Trade Desk by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares during the period. Acadian Asset Management LLC increased its stake in shares of Trade Desk by 3,973.6% during the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after acquiring an additional 437,967 shares during the period. Steadfast Capital Management LP raised its holdings in Trade Desk by 78.3% during the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Trade Desk by 2,154.5% in the first quarter. Los Angeles Capital Management LLC now owns 381,148 shares of the technology company’s stock valued at $33,320,000 after purchasing an additional 364,242 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTD. Needham & Company LLC reiterated a “buy” rating and set a $115.00 target price on shares of Trade Desk in a research report on Wednesday, September 11th. Morgan Stanley upped their price objective on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Piper Sandler reissued an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a report on Tuesday, June 11th. Bank of America assumed coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Robert W. Baird raised their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.71.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 856,669 shares of company stock valued at $91,009,247. Company insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

NASDAQ TTD opened at $109.36 on Friday. The company has a 50-day moving average of $99.70 and a 200-day moving average of $93.70. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $112.22. The company has a market cap of $53.76 billion, a P/E ratio of 273.41, a P/E/G ratio of 5.33 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

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.