The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. cut its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,581,303 shares of the technology company’s stock after selling 61,211 shares during the quarter. TD Asset Management Inc.’s holdings in Trade Desk were worth $185,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. Quest Partners LLC purchased a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $85,000. Pathstone Holdings LLC grew its stake in shares of Trade Desk by 14.1% during the third quarter. Pathstone Holdings LLC now owns 18,284 shares of the technology company’s stock worth $2,005,000 after purchasing an additional 2,263 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Trade Desk by 37.7% in the third 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 last quarter. Nwam LLC acquired a new stake in Trade Desk in the third quarter valued at $280,000. Finally, Cerity Partners LLC lifted its holdings in Trade Desk by 83.6% during the 3rd quarter. Cerity Partners LLC now owns 73,564 shares of the technology company’s stock worth $8,066,000 after buying an additional 33,505 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Trade Desk stock opened at $62.00 on Wednesday. The company has a market cap of $30.76 billion, a P/E ratio of 79.49, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a one year low of $53.39 and a one year high of $141.53. The business has a fifty day moving average of $88.88 and a two-hundred day moving average of $109.33.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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 net margin of 16.08% and a return on equity of 16.38%. Sell-side analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 in the last quarter. Company insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

TTD has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada dropped their price target on shares of Trade Desk from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Wolfe Research boosted their price objective 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. Wedbush upped their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, UBS Group lifted their price target on shares of Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.41.

Trade Desk Company 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.