Commerce Bank Has $6.41 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Commerce Bank lowered its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,539 shares of the technology company’s stock after selling 1,619 shares during the quarter. Commerce Bank’s holdings in Trade Desk were worth $6,410,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TTD. Norges Bank bought a new stake in Trade Desk in the fourth quarter worth approximately $524,187,000. Raymond James Financial Inc. acquired a new position in shares of Trade Desk during the 4th quarter valued at $231,570,000. Franklin Resources Inc. boosted its stake in Trade Desk by 265.9% during the fourth quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company’s stock worth $219,121,000 after acquiring an additional 1,354,891 shares in the last quarter. FMR LLC grew its holdings in Trade Desk by 44.8% in the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company’s stock worth $445,237,000 after purchasing an additional 1,172,082 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Trade Desk during the fourth quarter valued at about $100,658,000. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 3.7 %

Shares of NASDAQ TTD opened at $50.26 on Friday. The stock’s 50-day moving average is $61.52 and its 200 day moving average is $101.56. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 64.44, a P/E/G ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TTD shares. Susquehanna reduced their price objective on Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target on Trade Desk from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Jefferies Financial Group decreased their price objective on shares of Trade Desk from $120.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Citigroup decreased their target price on Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Wolfe Research lifted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $104.10.

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.