FAS Wealth Partners Inc. Sells 1,055 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

FAS Wealth Partners Inc. lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 21.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,956 shares of the technology company’s stock after selling 1,055 shares during the period. FAS Wealth Partners Inc.’s holdings in Trade Desk were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC increased its holdings in shares of Trade Desk by 357.9% in the 3rd quarter. Anchor Investment Management LLC now owns 870 shares of the technology company’s stock worth $95,000 after purchasing an additional 680 shares in the last quarter. World Investment Advisors LLC increased its holdings in shares of Trade Desk by 10.0% in the 3rd quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company’s stock worth $970,000 after purchasing an additional 803 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Trade Desk in the 3rd quarter worth $1,194,000. Synovus Financial Corp bought a new stake in shares of Trade Desk in the 3rd quarter worth $245,000. Finally, Franklin Resources Inc. increased its holdings in shares of Trade Desk by 326.1% in the 3rd quarter. Franklin Resources Inc. now owns 509,495 shares of the technology company’s stock worth $60,105,000 after purchasing an additional 389,917 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson reduced their target price on Trade Desk from $134.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Cantor Fitzgerald cut 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, February 13th. Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and lowered their target price for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Stifel Nicolaus cut their price target on Trade Desk from $122.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Cfra Research upgraded Trade Desk to a “moderate buy” rating in a research note on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.32.

Trade Desk Trading Down 1.1 %

NASDAQ TTD opened at $53.06 on Friday. The stock’s 50 day moving average is $56.04 and its 200 day moving average is $97.77. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a market cap of $26.32 billion, a PE ratio of 68.03, a P/E/G ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results 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 return on equity of 16.38% and a net margin of 16.08%. On average, analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.