Jefferies Financial Group Inc. Boosts Stock Holdings in The Trade Desk $TTD

Jefferies Financial Group Inc. raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 180.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,303 shares of the technology company’s stock after purchasing an additional 60,717 shares during the period. Jefferies Financial Group Inc.’s holdings in Trade Desk were worth $3,580,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Trade Desk in the 3rd quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its position in shares of Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after buying an additional 691 shares during the last quarter. Albion Financial Group UT purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $30,000. CVA Family Office LLC grew its position in shares of Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after buying an additional 344 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $22.18 on Wednesday. The business’s 50-day simple moving average is $22.47 and its two-hundred day simple moving average is $30.15. The company has a market cap of $10.43 billion, a PE ratio of 25.20, a PEG ratio of 1.08 and a beta of 1.10. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 25th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Trade Desk

In related news, Director Kathryn E. Falberg sold 50,000 shares of Trade Desk stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Trade Desk in a research report on Tuesday, March 17th. BMO Capital Markets cut their price objective on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Truist Financial set a $35.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Loop Capital downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $25.00 in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.61.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.