Louisiana State Employees Retirement System Has $3.86 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Louisiana State Employees Retirement System reduced its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,800 shares of the technology company’s stock after selling 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Trade Desk were worth $3,855,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its holdings in shares of Trade Desk by 68.8% during the fourth 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 last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Trade Desk during the fourth quarter valued at about $35,000. Synergy Asset Management LLC acquired a new position in shares of Trade Desk during the fourth quarter valued at about $34,000. Avior Wealth Management LLC grew its holdings in shares of 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 buying an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Trade Desk by 194.5% during the third 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 last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Up 1.7 %

Shares of NASDAQ:TTD opened at $122.23 on Thursday. The company has a 50 day moving average of $123.20 and a 200 day moving average of $115.54. The stock has a market cap of $60.33 billion, a P/E ratio of 200.38, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $71.11 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate 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 declared that its board has approved a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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 transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTD. Wolfe Research lifted their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Benchmark reissued a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Wedbush raised their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Oppenheimer raised their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $133.20.

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.