Malaga Cove Capital LLC Has $1.89 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Malaga Cove Capital LLC lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 49.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,241 shares of the technology company’s stock after selling 16,687 shares during the quarter. Malaga Cove Capital LLC’s holdings in Trade Desk were worth $1,890,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TTD. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter valued at about $30,000. JFS Wealth Advisors LLC grew its stake 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 purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. raised its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $37,000. Finally, Quarry LP acquired a new stake in Trade Desk in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock worth $170,121,565 over the last three months. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $124.81 on Thursday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $124.98. The company has a market capitalization of $61.35 billion, a P/E ratio of 249.62, a price-to-earnings-growth ratio of 5.69 and a beta of 1.47. The business has a 50-day moving average of $111.83 and a two-hundred day moving average of $100.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on TTD shares. Truist Financial increased their price objective on Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Loop Capital boosted their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Bank of America assumed coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $115.60.

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.