The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,255 shares of the technology company’s stock after selling 620 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Trade Desk were worth $90,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Level Financial Advisors Inc. raised its holdings in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after acquiring an additional 418 shares during the period. Ancora Advisors LLC raised its stake in shares of Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at approximately $42,000. Finally, Blue Trust Inc. increased its stake in Trade Desk by 134.3% during the 4th quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock worth $49,000 after buying an additional 360 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $108.00 price target (up previously from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Citigroup increased their price target on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Stifel Nicolaus upped their price objective on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Loop Capital upped their price objective on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Susquehanna restated a “positive” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Trade Desk Price Performance

Trade Desk stock traded up $0.74 during midday trading on Tuesday, hitting $98.42. 462,157 shares of the company were exchanged, compared to its average volume of 4,266,595. The company’s fifty day moving average price is $89.58 and its 200-day moving average price is $80.73. The company has a market cap of $48.14 billion, a PE ratio of 244.21, a price-to-earnings-growth ratio of 5.04 and a beta of 1.49. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $99.03.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, analysts expect that The Trade Desk, Inc. will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total value of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 368,607 shares of company stock valued at $31,477,358. Corporate insiders own 10.18% of the company’s stock.

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.