The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Lbp Am Sa

Lbp Am Sa lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 51.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,689 shares of the technology company’s stock after selling 31,760 shares during the quarter. Lbp Am Sa’s holdings in Trade Desk were worth $3,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTD. Rialto Wealth Management LLC bought a new stake in Trade Desk during the 4th quarter valued at $26,000. Harbor Investment Advisory LLC raised its stake in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new stake in Trade Desk during the 4th quarter valued at $34,000. Midwest Capital Advisors LLC bought a new stake in Trade Desk during the 4th quarter valued at $34,000. Finally, Exchange Traded Concepts LLC bought a new stake in Trade Desk during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 over the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $53.94 on Friday. The business’s 50-day moving average price is $97.79 and its two-hundred day moving average price is $111.51. The Trade Desk, Inc. has a one year low of $53.42 and a one year high of $141.53. The company has a market capitalization of $26.76 billion, a P/E ratio of 69.15, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63.

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

Trade Desk declared that its board has authorized a stock repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TTD. Wolfe Research lifted their target price on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. JMP Securities dropped their price objective on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Oppenheimer dropped their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.45.

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.