Savant Capital LLC Has $1.03 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Savant Capital LLC boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,310 shares of the technology company’s stock after purchasing an additional 523 shares during the period. Savant Capital LLC’s holdings in Trade Desk were worth $1,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 9258 Wealth Management LLC boosted its holdings in Trade Desk by 2.2% during the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after purchasing an additional 131 shares during the last quarter. Latitude Advisors LLC increased its position in shares of Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after acquiring an additional 133 shares during the last quarter. Level Financial Advisors Inc. raised its holdings in Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Mutual Advisors LLC boosted its position in Trade Desk by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after purchasing an additional 156 shares during the last quarter. Finally, Choreo LLC grew its stake in Trade Desk by 2.2% in the fourth quarter. Choreo LLC now owns 7,491 shares of the technology company’s stock valued at $539,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 642,170 shares of company stock worth $53,970,398. Insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer increased their price objective on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. BMO Capital Markets boosted their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Benchmark raised their target price on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Royal Bank of Canada boosted their price target on Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and raised their price objective for the company from $95.00 to $105.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $90.38.

Trade Desk Stock Performance

Shares of TTD opened at $88.59 on Friday. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00. The firm has a market cap of $43.32 billion, a price-to-earnings ratio of 246.09, a PEG ratio of 4.86 and a beta of 1.50. The business’s fifty day moving average is $83.69 and its 200-day moving average is $75.83.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, research analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Trade Desk Company 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.