The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Integrated Wealth Concepts LLC

Posted by Defense World Staff on Aug 2nd, 2023

Integrated Wealth Concepts LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,827 shares of the technology company’s stock after acquiring an additional 732 shares during the period. Integrated Wealth Concepts LLC’s holdings in Trade Desk were worth $842,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its holdings in shares of Trade Desk by 2.9% during the fourth quarter. Synovus Financial Corp now owns 8,815 shares of the technology company’s stock worth $395,000 after purchasing an additional 252 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Trade Desk by 532.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 44,814 shares of the technology company’s stock worth $2,012,000 after acquiring an additional 37,728 shares during the last quarter. Arizona State Retirement System grew its position in shares of Trade Desk by 3.5% during the fourth quarter. Arizona State Retirement System now owns 125,683 shares of the technology company’s stock worth $5,634,000 after acquiring an additional 4,299 shares during the last quarter. Citigroup Inc. grew its position in shares of Trade Desk by 11.9% during the fourth quarter. Citigroup Inc. now owns 338,414 shares of the technology company’s stock worth $15,171,000 after acquiring an additional 36,025 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Trade Desk by 3.1% during the first quarter. Asset Management One Co. Ltd. now owns 171,403 shares of the technology company’s stock worth $10,440,000 after acquiring an additional 5,230 shares during the last quarter. 68.55% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Down 1.3 %

TTD opened at $90.05 on Wednesday. The company has a market capitalization of $44.02 billion, a price-to-earnings ratio of 600.33, a PEG ratio of 8.33 and a beta of 1.78. The firm has a 50-day moving average price of $78.46 and a 200-day moving average price of $65.13. The Trade Desk, Inc. has a twelve month low of $39.43 and a twelve month high of $91.85.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $382.80 million during the quarter, compared to analysts’ expectations of $364.85 million. Trade Desk had a net margin of 4.70% and a return on equity of 3.99%. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Oppenheimer upped their price target on shares of Trade Desk from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. DA Davidson increased their target price on shares of Trade Desk from $76.00 to $77.00 in a research report on Friday, May 12th. Evercore ISI upped their price target on shares of Trade Desk from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Truist Financial upped their price objective on shares of Trade Desk from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. Finally, Piper Sandler upped their price objective on shares of Trade Desk from $77.00 to $100.00 in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.86.

Insider Activity at Trade Desk

In other Trade Desk news, Director Lise J. Buyer sold 10,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $75.12, for a total value of $751,200.00. Following the completion of the transaction, the director now directly owns 115,077 shares in the company, valued at approximately $8,644,584.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lise J. Buyer sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $75.12, for a total value of $751,200.00. Following the sale, the director now directly owns 115,077 shares of the company’s stock, valued at approximately $8,644,584.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wells sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $90.00, for a total transaction of $450,000.00. Following the completion of the sale, the director now directly owns 69,070 shares in the company, valued at $6,216,300. The disclosure for this sale can be found here. Insiders sold 128,403 shares of company stock worth $10,119,691 in the last three months. 10.81% of the stock is owned by insiders.

Trade Desk Profile

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.