EMC Capital Management Reduces Stake in The Trade Desk, Inc. (NASDAQ:TTD)

EMC Capital Management trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 51.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,651 shares of the technology company’s stock after selling 3,854 shares during the period. EMC Capital Management’s holdings in Trade Desk were worth $429,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Ithaka Group LLC lifted its stake in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after acquiring an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC raised its position in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after buying an additional 358,350 shares during the period. Assetmark Inc. grew its position in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after buying an additional 70,687 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after buying an additional 4,500 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Robert W. Baird boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research increased their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, KeyCorp increased their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. One equities research 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.13.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 549,684 shares of company stock worth $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $123.56 on Thursday. The firm has a market cap of $60.98 billion, a price-to-earnings ratio of 202.18, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The firm’s fifty day moving average price is $125.87 and its 200 day moving average price is $114.01.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (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 analysts’ expectations 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 last year, the company posted $0.08 earnings per share. As a group, analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

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.