SG Americas Securities LLC Invests $2.44 Million in Trade Desk Inc (TTD)

SG Americas Securities LLC acquired a new position in shares of Trade Desk Inc (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,033 shares of the technology company’s stock, valued at approximately $2,441,000.

Other large investors have also recently bought and sold shares of the company. GenTrust LLC bought a new position in Trade Desk in the third quarter valued at approximately $311,000. Hsbc Holdings PLC acquired a new stake in shares of Trade Desk in the third quarter valued at approximately $291,000. LPL Financial LLC lifted its position in shares of Trade Desk by 66.0% in the third quarter. LPL Financial LLC now owns 30,275 shares of the technology company’s stock valued at $4,569,000 after buying an additional 12,042 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Trade Desk in the third quarter valued at approximately $859,000. Finally, GWM Advisors LLC acquired a new stake in shares of Trade Desk in the third quarter valued at approximately $219,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

In related news, CFO Paul Ross sold 16,143 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $110.18, for a total transaction of $1,778,635.74. Following the transaction, the chief financial officer now directly owns 43,564 shares of the company’s stock, valued at approximately $4,799,881.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO David Randall Pickles sold 6,475 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $120.17, for a total value of $778,100.75. Following the transaction, the chief technology officer now directly owns 52,712 shares in the company, valued at $6,334,401.04. The disclosure for this sale can be found here. Insiders have sold a total of 141,705 shares of company stock worth $18,872,803 over the last ninety days. Company insiders own 23.54% of the company’s stock.

Shares of TTD stock opened at $146.18 on Monday. The firm has a market cap of $6.32 billion, a P/E ratio of 122.84, a PEG ratio of 3.13 and a beta of 2.85. Trade Desk Inc has a twelve month low of $40.70 and a twelve month high of $161.50.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 8th. The technology company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.06). The company had revenue of $118.80 million for the quarter, compared to analyst estimates of $117.48 million. Trade Desk had a return on equity of 22.86% and a net margin of 15.62%. The firm’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, analysts forecast that Trade Desk Inc will post 1.56 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Oppenheimer lifted their price target on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, December 14th. CIBC lifted their price target on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, December 14th. Finally, SunTrust Banks lifted their price target on Trade Desk to $130.00 and gave the stock a “buy” rating in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Trade Desk presently has a consensus rating of “Buy” and a consensus target price of $124.16.

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Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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

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