Strategic Advocates LLC Trims Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Advocates LLC lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,167 shares of the technology company’s stock after selling 307 shares during the quarter. Strategic Advocates LLC’s holdings in Trade Desk were worth $1,430,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC raised its stake in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after buying an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk in the 4th quarter valued at approximately $35,000. Avior Wealth Management LLC boosted its position in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP purchased a new stake in Trade Desk in the second quarter worth $41,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Trading Down 3.0 %

Shares of TTD stock opened at $118.94 on Friday. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53. The stock has a market cap of $58.71 billion, a P/E ratio of 194.98, a P/E/G ratio of 3.88 and a beta of 1.45. The company has a 50 day simple moving average of $125.70 and a two-hundred day simple moving average of $114.05.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same quarter last year, the company earned $0.08 earnings per share. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,982 shares of company stock valued at $68,954,147 over the last quarter. 9.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. UBS Group boosted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Macquarie raised their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Truist Financial boosted their price target on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Citigroup raised their price objective on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

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.