Blue Zone Wealth Advisors LLC Has $5.71 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Blue Zone Wealth Advisors LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,324 shares of the technology company’s stock after purchasing an additional 869 shares during the quarter. Trade Desk accounts for approximately 2.0% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Blue Zone Wealth Advisors LLC’s holdings in Trade Desk were worth $5,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTD. Pinnacle Bancorp Inc. grew its position in shares of Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Trade Desk in the first quarter worth approximately $27,000. Level Financial Advisors Inc. boosted its holdings in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Jones Financial Companies Lllp increased its position in Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

TTD traded down $0.55 on Friday, hitting $97.67. 6,329,013 shares of the company were exchanged, compared to its average volume of 3,064,730. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $99.54. The firm has a fifty day simple moving average of $92.22 and a two-hundred day simple moving average of $82.47. The stock has a market capitalization of $47.77 billion, a PE ratio of 244.18, a price-to-earnings-growth ratio of 5.00 and a beta of 1.49.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $491.25 million during the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. On average, equities analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research analyst reports. DA Davidson lifted their price objective on Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets restated an “outperform” rating and set a $108.00 price target (up from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. Wedbush assumed coverage on shares of Trade Desk in a research note on Monday, June 17th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $93.69.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 66,007 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the transaction, the chief executive officer now directly owns 1,051,622 shares of the company’s stock, valued at $91,890,730.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Gokul Rajaram sold 2,415 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the transaction, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 66,007 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total value of $5,767,691.66. Following the completion of the sale, the chief executive officer now directly owns 1,051,622 shares in the company, valued at $91,890,730.36. The disclosure for this sale can be found here. Insiders have sold a total of 264,727 shares of company stock worth $23,117,417 in the last 90 days. Company insiders own 10.18% of the company’s stock.

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.