Smith Group Asset Management LLC Sells 1,570 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Smith Group Asset Management LLC reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,230 shares of the technology company’s stock after selling 1,570 shares during the period. Smith Group Asset Management LLC’s holdings in Trade Desk were worth $1,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ithaka Group LLC raised its stake in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after acquiring an additional 4,296 shares during the period. Nordea Investment Management AB raised its position in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares during the period. Finally, Swiss National Bank boosted its position in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Trading Up 1.2 %

Trade Desk stock opened at $120.56 on Wednesday. The business’s 50 day simple moving average is $125.89 and its 200 day simple moving average is $113.95. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53. The company has a market cap of $59.51 billion, a price-to-earnings ratio of 197.64, a PEG ratio of 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same period in the prior year, the company earned $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 fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Oppenheimer boosted their price target on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Robert W. Baird boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. BTIG Research raised their price target on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Susquehanna restated a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was 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 $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 512,953 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares in the company, valued at approximately $30,354,152.92. This represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 549,684 shares of company stock valued at $68,444,576 over the last three months. 9.72% of the stock is currently owned by insiders.

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.