The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Decreased by L.M. Kohn & Company

L.M. Kohn & Company lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 35.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,722 shares of the technology company’s stock after selling 1,469 shares during the period. L.M. Kohn & Company’s holdings in Trade Desk were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbor Investment Advisory LLC boosted its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at about $35,000. Synergy Asset Management LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at about $34,000. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $80.16 on Monday. The company’s 50 day moving average price is $120.93 and its 200 day moving average price is $115.58. The Trade Desk, Inc. has a 52 week low of $73.68 and a 52 week high of $141.53. The company has a market capitalization of $39.56 billion, a PE ratio of 131.41, a PEG ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. On average, equities analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTD shares. Morgan Stanley reduced their target price on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday. KeyCorp boosted their target price on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Truist Financial reduced their target price on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BTIG Research boosted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $120.97.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company’s stock.

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.