Lincoln National Corp Sells 240 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Lincoln National Corp lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,261 shares of the technology company’s stock after selling 240 shares during the quarter. Lincoln National Corp’s holdings in Trade Desk were worth $1,026,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC increased its position in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after purchasing an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Trade Desk during the 3rd quarter worth approximately $99,035,000. International Assets Investment Management LLC boosted its holdings in shares of Trade Desk by 6,600.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock valued at $78,549,000 after buying an additional 1,075,269 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Trade Desk by 81.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock valued at $105,472,000 after buying an additional 659,337 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TTD shares. Truist Financial upped their price target on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company lifted their price target on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. BMO Capital Markets restated an “outperform” rating and issued a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research note on Thursday. Finally, Stephens reissued an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.22.

Insider Buying and Selling

In related news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total value of $8,438,157.00. Following the sale, the director now directly owns 242,609 shares of the company’s stock, valued at $19,869,677.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock valued at $53,970,398 over the last quarter. 10.18% of the stock is owned by company insiders.

Trade Desk Trading Up 3.1 %

Shares of TTD opened at $88.67 on Friday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00. The firm’s 50 day moving average is $84.04 and its 200-day moving average is $76.17. The stock has a market capitalization of $43.35 billion, a PE ratio of 246.31, a P/E/G ratio of 4.88 and a beta of 1.50.

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