EverSource Wealth Advisors LLC Has $98,000 Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

EverSource Wealth Advisors LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,090 shares of the technology company’s stock after purchasing an additional 176 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Trade Desk were worth $98,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its stake in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after acquiring an additional 270,800 shares in the last quarter. Sei Investments Co. increased its stake in Trade Desk by 19.9% in the second quarter. Sei Investments Co. now owns 295,240 shares of the technology company’s stock valued at $28,836,000 after purchasing an additional 49,052 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Trade Desk by 58.7% during the second quarter. Pacer Advisors Inc. now owns 48,876 shares of the technology company’s stock valued at $4,774,000 after purchasing an additional 18,087 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Trade Desk by 1.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 91,076 shares of the technology company’s stock worth $8,898,000 after purchasing an additional 908 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Trade Desk by 3.9% in the 2nd quarter. AE Wealth Management LLC now owns 4,176 shares of the technology company’s stock valued at $408,000 after buying an additional 155 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Trading Down 1.2 %

Shares of NASDAQ TTD opened at $109.36 on Friday. The stock has a fifty day simple moving average of $99.70 and a two-hundred day simple moving average of $93.70. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $112.22. The firm has a market cap of $53.76 billion, a price-to-earnings ratio of 273.41, a price-to-earnings-growth ratio of 5.33 and a beta of 1.48.

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

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. Benchmark increased their price target on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Robert W. Baird increased their target price on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Piper Sandler restated an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday. Finally, Citigroup lifted their price objective on shares of Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares in the company, valued at approximately $83,764,254.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the sale, the chief executive officer now owns 765,180 shares in the company, valued at $83,764,254.60. The disclosure for this sale can be found here. Insiders sold 856,669 shares of company stock worth $91,009,247 over the last quarter. Corporate insiders own 10.18% of the company’s stock.

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.