The Trade Desk, Inc. (NASDAQ:TTD) Holdings Lowered by Stablepoint Partners LLC

Stablepoint Partners LLC lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,872 shares of the technology company’s stock after selling 282 shares during the quarter. Stablepoint Partners LLC’s holdings in Trade Desk were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. APG Asset Management N.V. grew its holdings in shares of Trade Desk by 197.1% during the second quarter. APG Asset Management N.V. now owns 55,472 shares of the technology company’s stock valued at $5,055,000 after buying an additional 36,800 shares in the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at about $213,000. MBB Public Markets I LLC purchased a new stake in shares of Trade Desk in the second quarter worth approximately $3,116,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Trade Desk by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock worth $2,387,000 after purchasing an additional 2,593 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its position in Trade Desk by 64.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 60,839 shares of the technology company’s stock valued at $5,942,000 after purchasing an additional 23,739 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 512,953 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the completion of the sale, the chief executive officer now owns 243,476 shares in the company, valued at $30,354,152.92. This trade represents a 67.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Citigroup boosted their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. UBS Group raised their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Evercore ISI increased their price objective on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, JMP Securities assumed coverage on shares of Trade Desk in a research note on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Trading Up 0.7 %

Shares of NASDAQ TTD opened at $119.96 on Monday. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 196.66, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The business has a fifty day simple moving average of $125.84 and a 200 day simple moving average of $113.66.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The business had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the previous year, the business posted $0.08 earnings per share. On average, research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

About Trade Desk

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.