Baillie Gifford & Co. Has $4.13 Billion Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Baillie Gifford & Co. reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,178,933 shares of the technology company’s stock after selling 3,537,141 shares during the quarter. Trade Desk accounts for about 3.2% of Baillie Gifford & Co.’s investment portfolio, making the stock its 7th largest holding. Baillie Gifford & Co. owned about 0.07% of Trade Desk worth $4,134,580,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Focus Financial Network Inc. increased its holdings in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock worth $456,000 after acquiring an additional 84 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Trade Desk by 4.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after buying an additional 94 shares in the last quarter. Finally, TFB Advisors LLC grew its holdings in shares of Trade Desk by 2.6% during the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after buying an additional 94 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk 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 in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. 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 90 days. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 2.1 %

NASDAQ:TTD opened at $80.16 on Monday. The stock has a market cap of $39.56 billion, a P/E ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45. The stock has a 50 day simple moving average of $120.93 and a 200 day simple moving average of $115.58. The Trade Desk, Inc. has a 1-year low of $73.68 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

TTD has been the subject of a number of research reports. Cantor Fitzgerald decreased their price objective on Trade Desk from $115.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday. Loop Capital increased their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. UBS Group increased their price objective on Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank reduced their price target on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $120.97.

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.