LVZ Inc. Acquires 4,330 Shares of The Trade Desk (NASDAQ:TTD)

LVZ Inc. raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 149.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,230 shares of the technology company’s stock after acquiring an additional 4,330 shares during the quarter. LVZ Inc.’s holdings in Trade Desk were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in Trade Desk during the 4th quarter valued at $25,000. Rialto Wealth Management LLC bought a new position in shares of Trade Desk in the fourth quarter worth $26,000. Midwest Capital Advisors LLC bought a new position in shares of Trade Desk in the fourth quarter worth $34,000. Zions Bancorporation N.A. increased its holdings in shares of Trade Desk by 148.3% in the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Trade Desk in the fourth quarter worth $39,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 0.6%

Trade Desk stock opened at $68.23 on Friday. The firm has a 50-day moving average of $65.54 and a 200-day moving average of $84.33. The firm has a market cap of $33.53 billion, a P/E ratio of 83.21, a P/E/G ratio of 3.13 and a beta of 1.41. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. Trade Desk’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer now owns 17,018 shares of the company’s stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TTD has been the topic of several research analyst reports. Citigroup upped their price target on shares of Trade Desk from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Royal Bank Of Canada decreased their price target on shares of Trade Desk from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Benchmark raised shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group decreased their price target on shares of Trade Desk from $116.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company cut their target price on shares of Trade Desk from $101.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Seven analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $97.15.

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.