Ashford Capital Management Inc. lifted its holdings in shares of Trade Desk Inc (NASDAQ:TTD) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,346 shares of the technology company’s stock after purchasing an additional 103,606 shares during the quarter. Trade Desk comprises about 2.9% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Ashford Capital Management Inc. owned about 0.99% of Trade Desk worth $18,582,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of TTD. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Trade Desk by 129.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,550 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Trade Desk by 57.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,038 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $169,000. Circle Wealth Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $202,000. Finally, Crow Point Partners LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $214,000. Institutional investors and hedge funds own 72.89% of the company’s stock.
Trade Desk Inc (NASDAQ TTD) opened at $55.60 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.48 and a quick ratio of 1.48. Trade Desk Inc has a 52-week low of $34.79 and a 52-week high of $67.30. The company has a market capitalization of $2,423.53, a PE ratio of 48.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The company had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.71 million. During the same period last year, the company posted $0.33 earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year. equities research analysts anticipate that Trade Desk Inc will post 1.18 EPS for the current fiscal year.
Several brokerages recently weighed in on TTD. Vetr raised Trade Desk from a “buy” rating to a “strong-buy” rating and set a $53.74 target price on the stock in a research report on Monday, January 22nd. Wells Fargo began coverage on Trade Desk in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $60.00 target price on the stock. Stifel Nicolaus began coverage on Trade Desk in a research report on Thursday, January 18th. They issued a “buy” rating and a $62.00 target price on the stock. SunTrust Banks raised Trade Desk from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.25 to $55.00 in a research report on Monday, December 11th. Finally, Citigroup increased their target price on Trade Desk from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Trade Desk presently has an average rating of “Buy” and a consensus price target of $66.38.
In other Trade Desk news, COO Robert David Perdue sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $46.37, for a total value of $347,775.00. Following the transaction, the chief operating officer now directly owns 102,238 shares of the company’s stock, valued at $4,740,776.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $47.61, for a total value of $428,490.00. Following the completion of the transaction, the insider now directly owns 113,744 shares in the company, valued at $5,415,351.84. The disclosure for this sale can be found here. Insiders sold 779,024 shares of company stock worth $44,543,531 over the last three months. 26.87% of the stock is currently owned by corporate insiders.
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Trade Desk Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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