The Trade Desk, Inc. (NASDAQ:TTD) Position Reduced by L & S Advisors Inc

L & S Advisors Inc decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 50.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,210 shares of the technology company’s stock after selling 8,253 shares during the period. L & S Advisors Inc’s holdings in Trade Desk were worth $900,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TTD. Integrated Investment Consultants LLC acquired a new position in Trade Desk during the third quarter valued at $202,000. Intech Investment Management LLC increased its stake in Trade Desk by 1.3% in the 3rd quarter. Intech Investment Management LLC now owns 20,119 shares of the technology company’s stock valued at $2,206,000 after buying an additional 261 shares during the period. Citizens Financial Group Inc. RI acquired a new position in Trade Desk in the 3rd quarter valued at approximately $257,000. Moors & Cabot Inc. boosted its stake in shares of Trade Desk by 10.0% during the 3rd quarter. Moors & Cabot Inc. now owns 5,241 shares of the technology company’s stock valued at $575,000 after buying an additional 475 shares during the period. Finally, Kirtland Hills Capital Management LLC grew its holdings in shares of Trade Desk by 6.3% during the 3rd quarter. Kirtland Hills Capital Management LLC now owns 10,439 shares of the technology company’s stock valued at $1,145,000 after acquiring an additional 619 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTD. Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. BTIG Research lifted their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. DA Davidson increased their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company assumed coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Evercore ISI increased their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This represents a 42.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now owns 29,991 shares in the company, valued at $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,412,367 shares of company stock valued at $155,067,356. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $127.27 on Friday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65. The company has a market capitalization of $62.82 billion, a PE ratio of 208.65, a P/E/G ratio of 5.41 and a beta of 1.47. The company’s fifty day moving average is $116.45 and its 200-day moving average is $103.32.

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.