The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 30.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,560 shares of the technology company’s stock after selling 1,574 shares during the period. Axxcess Wealth Management LLC’s holdings in Trade Desk were worth $418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Nikko Asset Management Americas Inc. raised its holdings in Trade Desk by 10.3% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 807,479 shares of the technology company’s stock valued at $94,863,000 after acquiring an additional 75,199 shares in the last quarter. IMG Wealth Management Inc. bought a new position in shares of Trade Desk during the fourth quarter worth about $97,000. GWN Securities Inc. bought a new stake in Trade Desk in the fourth quarter valued at about $469,000. Glenview Trust co raised its stake in Trade Desk by 13.4% during the fourth quarter. Glenview Trust co now owns 2,575 shares of the technology company’s stock valued at $303,000 after buying an additional 305 shares in the last quarter. Finally, Centurion Wealth Management LLC lifted its holdings in Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company’s stock worth $443,000 after buying an additional 96 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

NASDAQ:TTD opened at $56.31 on Friday. The firm’s 50-day moving average is $91.14 and its 200-day moving average is $109.79. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 72.19, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53.

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

Trade Desk declared that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Citigroup lowered their price target on Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Wolfe Research raised their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. JMP Securities dropped their price objective on shares of 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. Wedbush lifted their target price on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.41.

Insider Buying and Selling

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 sale, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 over the last ninety days. 9.72% of the stock is owned by company insiders.

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.