Apollon Wealth Management LLC Has $1.94 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Apollon Wealth Management LLC boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 9.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,902 shares of the technology company’s stock after buying an additional 2,379 shares during the period. Apollon Wealth Management LLC’s holdings in Trade Desk were worth $1,936,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. 9258 Wealth Management LLC raised its stake in shares of Trade Desk by 2.2% during the 3rd quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after purchasing an additional 131 shares in the last quarter. Latitude Advisors LLC lifted its stake in Trade Desk by 5.0% in the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after purchasing an additional 133 shares during the last quarter. Level Financial Advisors Inc. raised its stake 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 buying an additional 150 shares during the period. Mutual Advisors LLC increased its holdings in shares of Trade Desk by 3.6% during the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock worth $324,000 after acquiring an additional 156 shares during the last quarter. Finally, Choreo LLC boosted its position in Trade Desk by 2.2% during the fourth quarter. Choreo LLC now owns 7,491 shares of the technology company’s stock worth $539,000 after purchasing an additional 158 shares during the period. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 16th. BMO Capital Markets upped their price target on shares of Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Benchmark boosted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Finally, Wells Fargo & Company lifted their price target on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $90.38.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock worth $53,970,398 over the last quarter. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Stock Performance

TTD traded down $2.68 on Wednesday, reaching $86.96. The company had a trading volume of 1,507,914 shares, compared to its average volume of 4,394,135. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00. The company has a market cap of $42.52 billion, a price-to-earnings ratio of 242.01, a P/E/G ratio of 4.88 and a beta of 1.50. The business has a 50 day simple moving average of $83.95 and a 200 day simple moving average of $76.02.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, equities research analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Trade Desk 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.