The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Enzi Wealth

Enzi Wealth decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,858 shares of the technology company’s stock after selling 367 shares during the period. Trade Desk comprises 0.4% of Enzi Wealth’s investment portfolio, making the stock its 25th biggest position. Enzi Wealth’s holdings in Trade Desk were worth $1,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTD. CAP Partners LLC raised its stake in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after acquiring an additional 86 shares during the period. RMR Wealth Builders raised its position in Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after purchasing an additional 89 shares during the period. Allworth Financial LP lifted its stake in shares of Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares in the last quarter. Parisi Gray Wealth Management boosted its position in shares of Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after buying an additional 99 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 549,684 shares of company stock worth $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TTD. Stifel Nicolaus increased their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. Robert W. Baird lifted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Oppenheimer raised their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $122.59 on Thursday. The stock’s 50 day moving average price is $125.87 and its 200 day moving average price is $114.01. The stock has a market cap of $60.51 billion, a price-to-earnings ratio of 200.97, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last posted 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). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. During the same period in the prior year, the firm posted $0.08 EPS. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current 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.