Axxcess Wealth Management LLC Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Axxcess Wealth Management LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 11.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,625 shares of the technology company’s stock after acquiring an additional 584 shares during the period. Axxcess Wealth Management LLC’s holdings in Trade Desk were worth $549,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Pinnacle Bancorp Inc. grew its stake in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the period. Riverview Trust Co bought a new stake in shares of Trade Desk during the 1st quarter valued at about $27,000. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at about $30,000. Bogart Wealth LLC grew its stake in shares of Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Finally, EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $109.51 on Friday. The company has a market capitalization of $53.83 billion, a P/E ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $111.80. The stock has a 50 day moving average price of $98.75 and a 200-day moving average price of $92.92.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. As a group, equities analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares in the company, valued at $351,846.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. The disclosure for this sale can be found here. Insiders sold a total of 596,748 shares of company stock worth $61,010,053 over the last three months. 10.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer boosted their price target on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Bank of America began coverage on Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective for the company. Wolfe Research began coverage on Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, BTIG Research boosted their price objective on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

Trade Desk 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.