Bleakley Financial Group LLC Has $3.05 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Bleakley Financial Group LLC lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,958 shares of the technology company’s stock after selling 3,975 shares during the quarter. Bleakley Financial Group LLC’s holdings in Trade Desk were worth $3,051,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TTD. CAP Partners LLC raised its holdings in Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares in the last quarter. RMR Wealth Builders raised its stake in shares of Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after acquiring an additional 89 shares in the last quarter. Allworth Financial LP lifted its holdings in Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the last quarter. Parisi Gray Wealth Management boosted its position in Trade Desk by 2.2% during the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in 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 during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TTD shares. Royal Bank of Canada upped their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wolfe Research lifted their price objective on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Oppenheimer increased their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Susquehanna reaffirmed a “positive” rating and set a $150.00 target price on shares of Trade Desk in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Trading Up 0.3 %

Shares of NASDAQ TTD opened at $114.65 on Friday. The Trade Desk, Inc. has a 1-year low of $68.32 and a 1-year high of $141.53. The company has a 50-day moving average of $124.40 and a two-hundred day moving average of $114.68. The company has a market cap of $56.59 billion, a PE ratio of 187.95, a P/E/G ratio of 3.75 and a beta of 1.45.

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

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 over the last 90 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.