Cetera Investment Advisers Has $14.47 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Cetera Investment Advisers lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,160 shares of the technology company’s stock after buying an additional 5,458 shares during the period. Cetera Investment Advisers’ holdings in Trade Desk were worth $14,471,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. grew its stake in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co bought a new stake in Trade Desk during the 1st quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in Trade Desk in the 2nd quarter worth about $30,000. Jones Financial Companies Lllp raised its position in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new position in Trade Desk in the second quarter valued at about $37,000. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the transaction, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total value of $22,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 365,180 shares of the company’s stock, valued at $40,366,997.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,077,248 shares of company stock worth $115,353,156. 10.18% of the stock is owned by corporate insiders.

Trade Desk Price Performance

Shares of TTD opened at $113.00 on Friday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $113.84. The company has a market cap of $55.27 billion, a PE ratio of 282.50, a P/E/G ratio of 5.23 and a beta of 1.48. The stock has a 50-day moving average of $101.52 and a 200-day moving average of $95.00.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on TTD. Wolfe Research initiated coverage on shares of Trade Desk in a report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. Morgan Stanley raised their price target on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Bank of America initiated coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Citigroup raised their target price on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC upped their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $109.89.

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.