Primoris Wealth Advisors LLC Acquires Shares of 31,600 The Trade Desk, Inc. (NASDAQ:TTD)

Primoris Wealth Advisors LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTDGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,600 shares of the technology company’s stock, valued at approximately $2,897,000. Trade Desk makes up approximately 2.3% of Primoris Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Selective Wealth Management Inc. acquired a new stake in shares of Trade Desk during the 4th quarter valued at approximately $27,000. Outfitter Financial LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at approximately $32,000. Nvwm LLC lifted its position in shares of Trade Desk by 300.0% during the 4th quarter. Nvwm LLC now owns 400 shares of the technology company’s stock valued at $36,000 after acquiring an additional 300 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Trade Desk by 542.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 380 shares during the period. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Trade Desk during the 4th quarter valued at approximately $41,000. 59.84% of the stock is currently owned by institutional investors.

In other Trade Desk news, CFO Blake Jeffrey Grayson sold 9,633 shares of the stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $74.05, for a total value of $713,323.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric B. Paley sold 7,500 shares of the stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $83.16, for a total transaction of $623,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,217 shares of company stock valued at $1,778,114. 10.72% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on TTD shares. Guggenheim initiated coverage on shares of Trade Desk in a research report on Wednesday, March 2nd. They set a “buy” rating and a $108.00 price target for the company. Susquehanna Bancshares lifted their price objective on Trade Desk from $115.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, February 17th. Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $105.00 in a research report on Friday, January 7th. Zacks Investment Research downgraded Trade Desk from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Finally, Oppenheimer cut their price objective on Trade Desk from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, February 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $99.83.

Shares of NASDAQ TTD traded down $1.88 during trading on Friday, hitting $58.92. 4,338,903 shares of the company traded hands, compared to its average volume of 4,191,237. The company has a 50-day moving average price of $67.83 and a 200-day moving average price of $78.61. The firm has a market capitalization of $28.57 billion, a P/E ratio of 206.74, a P/E/G ratio of 13.02 and a beta of 2.14. The Trade Desk, Inc. has a 1 year low of $46.71 and a 1 year high of $114.09.

Trade Desk (NASDAQ:TTDGet Rating) last issued its earnings results on Wednesday, February 16th. The technology company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.07). The business had revenue of $395.60 million for the quarter, compared to the consensus estimate of $389.64 million. Trade Desk had a return on equity of 10.77% and a net margin of 11.51%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, research analysts predict that The Trade Desk, Inc. will post 0.18 EPS for the current fiscal year.

Trade Desk Profile (Get Rating)

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 create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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